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SPIL Breaks Ground on New RM6-Billion Semiconductor Packaging And Testing Facility

Pulau Pinang, Malaysia, 24 May 2024 – Siliconware Precision Industries Co., Ltd. (SPIL), a major global semiconductor packaging and testing company, celebrated a significant milestone today with the ground-breaking ceremony of its Malaysia P1 plant at Bandar Cassia Technology Park, Pulau Pinang. This state-of-the-art 8-hectare facility represents a substantial investment of RM6 billion. Over the next 15 years, the plant is projected to create nearly 3,000 skilled jobs, introduce advanced packaging and testing technologies such as wafer bumping, and offer comprehensive turnkey solution (including wafer bumping, wafer-level chip packaging, flip chip packaging and testing). This initiative is expected to significantly reduce production cycles, enhancing efficiency and competitiveness in the semiconductor industry.

The momentous ceremony was attended by YBhg. Dato’ Hairil Yahri Yaacob, Secretary General of Ministry of Investment, Trade and Industry (MITI); Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer (CEO) (Investment Promotion and Facilitation), Malaysian Investment Development Authority (MIDA); Dato’ Loo Lee Lian, CEO of InvestPenang; as well as Mr. Michael Chang, CEO of SPIL Malaysia. Their presence underscored the importance of this project to the region and the industry at large.

YB Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of MITI, who warmly welcomes SPIL’s move to Malaysia, said “The groundbreaking of this RM6-billion investment by SPIL validates Malaysia not only as a preferred destination for global semiconductor companies, but also as a country that is serious on the swift implementation of investors’ commitments. The National Semiconductor Strategic Task Force (NSSTF) – led by MITI – has been driving many key initiatives to attract and implement investments in this sector, supported by MIDA’s over 50 years of expertise. All these are key success factors for the New Industrial Master Plan 2030, which aims to increase economic complexity and forge stronger linkages between global companies and local SMEs, while creating more skilled, higher-paying jobs for Malaysians. I am confident these initiatives will also help elevate our semiconductor sector’s position in the global value chain.”

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, emphasised, “SPIL’s investment brings substantial advantages to Malaysia’s semiconductor industry. As one of the top 10 global Outsourced Semiconductor Assembly and Test (OSAT) companies, establishing this facility in Penang is a testament to the country’s formidable semiconductor ecosystem. This project will significantly enhance the country’s supply chain, particularly in the semiconductor industry, and create high-value job opportunities in engineering and technical fields for Malaysians. Additionally, it will accelerate the export of made-in-Malaysia products globally, positioning Malaysia as a key player in the international semiconductor market and driving sustained economic growth.”

Dato’ Loo Lee Lian, CEO of InvestPenang, stated, “Malaysia is a significant player in semiconductor assembly, testing, and packaging, holding a 13 percent market share, with Penang making a substantial contribution to this sector. With the advent of next-generation technologies, we are advancing up the value chain to explore advanced packaging. Penang is proud to be the selected location for SPIL, demonstrating the confidence foreign investors have in Penang as a hub for cutting-edge technologies and growth strategies. I am optimistic that SPIL will reap a myriad of benefits from its facility here in Penang, the Silicon Valley of the East.”

Mr. Michael Chang, CEO of SPIL Malaysia, stated that the establishment of the P1 plant will foster innovation in Penang, establishing an advanced packaging and testing base, cultivating semiconductor talents, and enhancing technological capabilities. He expressed gratitude to MIDA and to Invest Penang for their guidance throughout the project, showcasing the successful collaboration between central and local governments.

He further noted that SPIL’s expansion aligns with global trends, positioning Malaysia as an important hub for East Asia and the global industrial supply chain. This strategic move will strengthen the global packaging and testing market, driving innovation and development within the Group, and contributing to economic growth in the Oriental Silicon Valley.

SPIL is committed to environmental sustainability, having implemented multiple green manufacturing measures such as energy and water conservation, and waste reduction during the construction stage. The company plans to obtain Green Building Initiative (GBI) Green Globes Certification and achieve its 2050 net-zero carbon reduction goal through process improvements, green building energy conservation, and investments in green electricity. Transitioning from Corporate Social Responsibility (CSR) to Environment, Social, and Governance (ESG), SPIL is steadily advancing towards sustainable operations.

As a member of ASE Technology Holding, the world’s largest packaging and testing group, SPIL is actively expanding its global footprint. Establishing the P1 plant in Penang marks a significant step towards globalisation, introducing advanced packaging technology, and strengthening the existing packaging and testing industry. This initiative will drive collaboration and accelerate economic growth with SPIL has mastering key technologies such as of CoWoS and Fan-out.

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About MIDA
MIDA is the government’s principal promotion agency under the Ministry of Investment, Trade and Industry (“MITI”) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, Tik Tok, and YouTube channel.

About InvestPenang
InvestPenang is the Penang State Government’s principal agency for the promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), and Global Business Services (“GBS”) Focus Group (promoting and developing digital economy). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn.

About SPIL
SPIL is a member of ASE Technology Holding (“the Group”), the world’s largest packaging and testing group. Established in 1984, SPIL mainly provides various IC packaging and testing services. In 2023, the revenue was approximately US$3,636M and the number of employees has reached more than 20,000. SPIL is dedicated to meeting all customer’s integrated circuit packaging and testing requirements. Our turnkey solutions range from bumping, wafer sort, assembly, final test, to shipment. SPIL continues to be a professional supplier that creates high added value through quality improvement and technological innovation, while ensuring the company’s sustainable operations and creating maximum profits for shareholders. SPIL has become a world-class packaging and testing company. Products include advanced lead frame and substrate-based packages, which are widely used in, but not limited to, computers, tablets, cellular phones, set-top boxes, LCD monitors, wearable devices, smart appliances, IoT, fingerprint sensor, smart cars, VR/AR, artificial intelligence, drones, smart speakers, digital cameras and video game consoles. Our dedication to enhancing quality and developing technical innovations to satisfy customers’ needs has made SPIL one of the top leaders in creating high value-added solutions, to the point where we are now the world class IC packaging and testing services provider. SPIL provides services and support to fabless design houses, integrated device manufacturers and wafer foundries globally. We constantly upgrade our processes to meet the demand for the most advanced manufacturing technology and also build a strong reputation for high quality products and services. This has made us a partner our customers know they can trust. Our passion for quality has also enabled us to maintain consistent growth and maximize returns for our shareholders. The customer service bases for SPIL include Taiwan, China, and the United States. Currently, there are several production centres in Taiwan and China. In recent years, in response to customer demand, production bases have been continuously expanded, including Taiwan and Malaysia. Production bases are to be increased in 2025.

For media enquiries:

MIDA
Ms. Noor Suziyanti Saad,
Director, Electrical & Electronics Division
E: [email protected]
Tel.: +603-2267 3575

Invest Penang
Elaine Cheah / Arief Ferdaus
Communication & Business Intelligence
E: [email protected] / [email protected]
Tel.: +604-646 8833

SPIL
Mr. Jay Huang Financial Director and Spoke Person
E. [email protected]
Tel.: +886-975-189-716

SPIL Breaks Ground on New RM6-Billion Semiconductor Packaging And Testing Facility


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Seremban, Negeri Sembilan, 15 May 2024 – Sandvik announces the inauguration of its new production unit in Malaysia dedicated to manufacturing underground load and haul equipment. This expansion marks a significant milestone for the Sandvik Load & Haul division, operating within the Sandvik Mining and Rock Solutions Business Area.

Located in Seremban, Negeri Sembilan, the new assembly production facility signifies a major advancement in the underground mining equipment sector. Its primary objectives include supporting the assembly production of all Sandvik load and haul underground loaders and trucks, including battery electrical vehicles (BEVs), and establishing a robust supplier network within the region.

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, the Chief Executive Officer of the Malaysian Invest Development Authority (MIDA), applauded Sandvik for its pioneering efforts in Malaysia, stating, “Sandvik’s journey to become a global leader in providing top-of-the-line equipment, tools, and digital solutions for the mining and construction sectors embodies the essence of perseverance, ingenuity, and determination. The initiative to transition from diesel-powered equipment to battery-electric vehicles (BEVs) and pave the path toward a fossil-free future is well exemplified by the establishment of this new facility in the Sendayan TechValley Industrial Park.”

“At MIDA, we will continue to partner with leading companies like Sandvik to anchor high-value-added manufacturing, adopt advanced manufacturing technologies, and equip our talent with the requisite skillset,” he added.

Sandvik’s commitment to delivering maximum value in sustainability, performance, quality, safety, flexibility, and total economy is evident in this endeavor.

The inaugural machine assembled in Malaysia at the new factory is the Toro™ LH517i loader, with production expected to ramp up over the coming year. Additionally, the facility will commence the production of Toro™ TH545i trucks later in the year, as part of a cross-manufacturing plan. Production volume allocation among existing factories will be based on machine specification, sales area distribution, and production capacity. Battery product manufacturing is slated to begin by Q3 2024, with BEV unit assembly scheduled for 2025, aligning with future electrification goals.

Patricio Apablaza, President of Sandvik Mining and Rock Solutions’ Load and Haul division, emphasized the significance of the Seremban facility, highlighting its role in ensuring flexible manufacturing of both conventional diesel and battery-electric loaders and trucks, while adhering to Sandvik’s stringent standards for sustainability, quality, and safety. This initiative aims to reduce lead times for mining customers in the Asia Pacific region.

Spanning over 8,000 square meters, the new facility is situated in the Sendayan Techvalley Industrial Park, strategically positioned approximately 70 kilometres south of the Malaysian capital Kuala Lumpur and 15 kilometres west of the state capital Seremban. The factory comprises 15 versatile assembly cells.

-END-

About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

Sandvik Group
Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. We are at the forefront of digitalization and focus on optimizing our customers’ processes. Our world-leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation and rock processing. In 2023 the Group had approximately 41,000 employees and revenues of about 127 billion SEK in about 170 countries within continuing operations.

Sandvik Mining and Rock Solutions
Sandvik Mining and Rock Solutions is a business area within the Sandvik Group and a global leading supplier of equipment and tools, parts, service, digital solutions and sustainability-driving technologies for the mining and construction industries. Application areas include rock drilling, rock cutting, loading and hauling, tunneling and quarrying. In 2023, sales were approximately 66 billion SEK with about 17,000 employees.

For more information, please contact:     

MIDA
Ms. Zakiah Sajidan
Director, Machinery & Metal Technology Division, MIDA
Email: [email protected]
Tel: +603-2267 6769

Sandvik Mining and Rock Solutions
VO Kataja
General Manager and Managing Director,
Seremban Production Unit, Load and Haul Division,
Sandvik Mining and Rock Solutions Business Area
Email: [email protected]

Sandvik Celebrates Inauguration of New Load And Haul Factory in Malaysia


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Johor Bahru, Malaysia (15 May 2024)—Panduit, a global leader and manufacturer of  cutting-edge electrical and network infrastructure solutions, proudly announces the  opening of its new state-of-the-art manufacturing facility in Johor Bahru, Malaysia. This  milestone marks a significant advancement in manufacturing processes, fortifying  Panduit’s supply chain to deliver top-notch cable tie products while meeting the growing  demands of its clientele. Spanning an impressive 25,083 square metres, the facility  commenced operations in October 2023, poised to create 184 new direct job  opportunities by the end of 2024. 

Mr. YB Lee Ting Han, Johor State Executive Member and Chairman of Investment, Trade,  Consumer Affairs and Human Resources Committee, who was present at the plant  opening ceremony shared, “The decision by Panduit Corporation to establish operation  in Johor is a testament to our State’s strategic advantages such as location, robust  technology and basic infrastructure, diverse talent pool, as well as Johor’s role as a hub  for the ASEAN market. We trust that this investment will further boost Malaysia and  Johor’s reputation as the top investment destination for high technology and precision  manufacturing industries.” 

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, expressed  his enthusiasm, stating, “Malaysia is actively advancing to attract high-tech investments,  and we take pride in welcoming an industry leader like Panduit. Their presence not only  enhances our high-tech talent pool but also provides a compelling advantage in the global  market. It aids our SMEs in adopting advanced manufacturing technologies, contributes  to the development of the plastics industry ecosystem, and strengthens the resilience of  Malaysia’s supply chains and economic landscape.” 

“Johor Bahru is a vibrant and established center of industrial manufacturing in South Asia  with a sophisticated infrastructure system as well as strong manufacturing and  operational capabilities,” explained Panduit Senior Vice President and Managing Director  for Asia-Pacific, Harry Woo. “The strategic decision of building a new plant in Johor Bahru  will help us remain competitive while maintaining our strategic presence in the area and  ensuring ongoing service to our customers.”“Our modern manufacturing facility is equipped with advanced robotics and automation  to maximise productivity,” said Panduit Senior Vice President of Operations David  Tallentire. “Additionally, to improve the overall efficiency and sustainability of the plant,  

we incorporated advanced features to optimise energy performance and implemented  high efficiency design practices for a more streamlined building and manufacturing  process.” Tallentire added that Panduit looks forward to leveraging the strong logistical  connections for ease of supply to its Asian customers and into the wider global supply  chain. 

Panduit’s utilisation of engineering plastics in its manufacturing processes aligns  seamlessly with Malaysia’s New Industrial Master Plan 2030, which prioritises the  promotion of high-value-added industries and the adoption of advanced technologies.  Furthermore, Malaysia’s Chemical Industry Roadmap 2030 underscores the country’s  focus on promoting engineering plastics as a key segment within the chemical sector.  Panduit’s commitment to innovation resonates with Malaysia’s aspirations to propel  economic growth through technology-driven industries, paving the way for a prosperous  future. 

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About MIDA 

MIDA is the government’s principal promotion agency under the Ministry of Investment,  Trade and Industry (MITI) to oversee and drive investments into the manufacturing and  services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12  regional and 21 overseas offices. MIDA continues to be the strategic partner to  businesses in seizing the opportunities arising from the technology revolution of this era.  For more information, please visit www.mida.gov.my and follow us on X, Instagram ,  Facebook, LinkedIn, TikTok and YouTube channel. 

About Panduit 

Since 1955, the Panduit culture of curiosity and passion for problem-solving have enabled  more meaningful connections between companies’ business goals and their marketplace  success. Panduit creates innovative electrical and network infrastructure solutions for  enterprise-wide environments, from the data center to the telecom room, from the desktop  to the plant floor. Headquartered in Tinley Park, IL, USA and operating in 112 global  locations, Panduit has a proven reputation for quality and technology leadership, coupled  with a robust partner ecosystem, to help support, sustain, and empower business growth  in a connected world. For more information, visit www.panduit.com.

For more information, please contact:

MIDA
Ms. Siti Halimaton Mohd. Rejab
Director, Chemical and Advanced Material Division
+603-2267 6701| [email protected]

Panduit
Thomas Poh
Director, Chemical and Advanced Material Division
Panduit Singapore Pte Ltd T: 65 6305-7552 x74002| [email protected]

US-Based Panduit Elevates Manufacturing Landscape With New State-Of-The-Art Plant in Johor Bahru, Malaysia


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This investment aims to streamline manufacturing operations and increase manufacturing capacity.

KUALA LUMPUR, 9 MAY 2024 – Smart Asia Chemical Bhd (“Smart Asia” or “Company”) has inaugurated its new manufacturing facility in Batu Gajah, Perak. This expansion represents a significant milestone in the company’s growth strategy and commitment to innovation and customer service.

The new facility, spanning 95,170 square feet, has been meticulously designed to optimise production processes and enhance operational efficiencies. With the expanded manufacturing space, Smart Asia anticipates a 27.00 million-litre increase in annual manufacturing capacity for decorative paints and protective coatings. This represents a growth of 309.99% from the company’s current annual manufacturing capacity of 8.71 million litres as of the end of fiscal year 2023. Additionally, the Perak facility’s strategic location will facilitate expansion of the company’s customer-base within the Central and Northern regions of Malaysia due to its proximity to customers.

YAB Menteri Besar Perak, Dato’ Seri Saarani Mohamad graced the opening ceremony with his esteemed presence, acknowledging the significance of this milestone for the company and local community.

“We are excited to witness the inauguration of Smart Asia’s new plant, which represents a significant investment in our local economy; where we believe this will generate promising job opportunities and bolster economic vitality of the state as a whole. Moreover, by leveraging the abundant calcium carbonate available in Perak, and in alignment with the State’s Roadmap, Perak Sejahtera 2030, and the Pelan Perindustrian Perak (P3) spearheaded by InvestPerak, we are confident that this project will contribute significantly to adding value to the minerals mined within Perak state, rather than exporting scarce primary resources out of the country,” he said.

Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA), Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid congratulates Smart Asia for its forward-thinking approach in incorporating Industry 4.0 into its operations. “The inauguration of Smart Asia’s new facility in Batu Gajah not only showcases the dynamic potential of Perak but also marks a pivotal moment in the evolution of Malaysia’s paint industry. Local manufacturers must ascend the value chain, adopting what is now the defining technology—automation and IoT—to significantly enhance production efficiency. The company’s strategic implementation of Industry 4.0, beginning in Johor and now expanded to Perak, serves as a commendable example of this advancement. MIDA is fully committed to supporting our manufacturers’ transition from traditional practices to technology-driven production, which will boost productivity, elevate product quality, and integrate Malaysia more deeply into the global production network.”

Mr. Lim Kok Beng, Non-Independent Executive Director, and Chief Operating Officer of Smart Asia Chemical Bhd said, “Our goal is to solidify our position as a reputable national paint brand in Malaysia. With this aim in mind, our Group has decided to set up our Perak facility. This move will not only streamline our manufacturing operations but also increase our manufacturing capacity, ensuring we meet the growing demand for our products.”

The new Perak facility introduces two innovative systems, the Industrial Tinting System and the Automated Paint Production System, revolutionising the manufacturing process for enhanced efficiency and quality. The Automated Paint Production System facilitates precise transfer of raw materials from storage to dispersion tanks, movement of semi-finished products between stations, automated loading and unloading, and rigorous quality checks throughout.

The Industrial Tinting System, which is also integrated with the Automated Paint Production System, will enable the continuous flow of the manufacturing processes. This integration of software and systems enables the company to reduce their dependency on human operators during manufacturing activities.

“These advancements incorporated in Perak plant further demonstrate Smart Asia’s commitment to enhancing our operational and automation capabilities across our products and services, as we strive to transition towards an ‘Industry 4.0’ manufacturing plant, optimising operations while upholding high standards of product quality,” Mr. Lim concluded.

-End-

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About InvestPerak, MALAYSIA

Perak Investment Management Centre (PIMC) also known as InvestPerak, was established in January 2006 to serve as the ‘First Point of Contact for Investors’ in the manufacturing and services sectors in Perak. It primarily acts as the principal investment promotion agency of the Perak State Government and reports directly to the YAB Menteri Besar Perak. Perak State Government have mandated InvestPerak as the secretariat for Centre of Investment (COI), which empowereds the function of InvestPerak as the facilitator in assisting investors to invest in Perak. To facilitate the implementation of investment projects in Perak, COI@InvestPerak have has the authority to issue ‘Fast-Track Letter’ for strategic projects, which put the investment projects as a priority for all relevant agencies in their approval process.

ABOUT SMART ASIA CHEMICAL BHD (SMART ASIA”)

SMART ASIA specialises in developing, manufacturing, distributing, and selling a diverse range of decorative paints and protective coatings and paint related products for household and industrial applications. The company owns esteemed brands like ‘Smart Paints,’ ‘Durra Paints,’ ‘Toplus Paints,’ and ‘Hunter Paints,’ offering an extensive portfolio to cater to various customer needs with durable and aesthetically pleasing solutions.

Additionally, SMART ASIA is involved in complementary products like colourants, which play a vital role in achieving desired paint shades. The company continuously invests in research and development to introduce innovative offerings that meet evolving customer requirements, driven by a commitment to excellence.

For more information, please contact:

MIDA

Ms. Siti Halimaton Mohd. Rejab
Director, Chemical and Advanced Material Division

+603-2267 6701| [email protected]

InvestPerak, MALAYSIA

Mr. Mohd Shahriman Ariff Mohd Shariff
Investor Relations Manager

Tel: +605 5292442 / +6 017 246 4691
Email: [email protected]

Esente Advisory Sdn. Bhd.

Emily Kou
Assistant Manager, Public Relations

Tel: +603 64199501 /+ 6 014 7353066
Email: [email protected]

Mohammad Izzat
Senior Associate, Public Relations

Tel: +603 64199501 / +6 011 2325 7086
Email: [email protected]

Smart Asia Chemical Berhad Opens Its New RM100 Mil Manufacturing Plant in Perak, Malaysia


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A Pivotal Action Towards Empowering Malaysia’s Energy Transition

Kuala Lumpur, 9 May 2024 – The Solar Synergistics Conference 2024, an eye-opener event for the solar industry, was co-organised by the Malaysian Investment Development Authority (MIDA) and LONGi, a global integrated solar technology company. This momentous occasion, coinciding with the 50th anniversary of Malaysia-China bilateral relations, served as a dynamic platform uniting major solar enterprises and critical stakeholders across the solar industry supply chain. With a mixed audience comprising mostly engineering, procurement, construction, and commissioning (EPCC) firms, also known as system integrator companies, the conference facilitated insightful discussions to drive Malaysia’s solar ecosystem forward.

As a tribute to the occasion, Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, complimented LONGi’s leadership in technological innovation and sustainable development. He emphasised “Malaysia is dedicated to assuming a significant role in the global effort to combat climate change. By setting a rigorous target for 2030, we aim to reach net-zero emissions by 2050, thus holding up a mirror to the world on environmental responsibility. In fact, the Solar Synergistics Conference held today serves as a platform towards sustainable business expansion, fostering economic prosperity, and leaving a positive legacy for generations to come.”

“Solar energy stands out as a beacon of hope in our quest for sustainability. Its abundance, accessibility, and renewability make it a key component for a transition towards a low-carbon economy. By harnessing the power of the sun, we not only reduce our dependence on fossil fuels but also create opportunities for economic growth and job creation.” added Mr. Sikh Shamsul.

Mr. Frank Zhao, the esteemed APAC President at LONGi, echoed the company’s resolute commitment to Malaysia’s energy transition during the Solar Synergistics Conference 2024. He articulated LONGi’s alignment with governmental initiatives, stating, “We are dedicated to propelling Malaysia’s energy transition and fostering the development of a comprehensive solar ecosystem. Notably, LONGi’s substantial investment in constructing three cutting-edge factories in Malaysia underscores its proactive approach to localising production and stimulating economic growth”.

In a testament to its dedication to Malaysia’s renewable energy sector, LONGi has established three cutting-edge factories in Malaysia, including Kuching, Bintulu, and Selangor. These state-of-the-art facilities boast an impressive combined capacity of over 10GW per year, positioning LONGi as a cornerstone of Malaysia’s solar manufacturing landscape. At the same time, LONGi set up the headquarters of LONGi Asia Pacific in Kuala Lumpur and is committed to providing better services to the local customers with its vision: “Solar for All”.

MIDA has been actively championing green technology initiatives, introducing targeted incentives through a tiered approach outlined in the Budget 2024. These incentives are strategically designed to empower investors to attain global leadership in energy and carbon efficiency standards. In 2023, MIDA achieved remarkable milestones, approving a total of 565 green technology projects valued at RM3.2 billion and five (5) green services projects with a total approved investment of RM17.8 million. Out of 565 projects approved, 530 (94 percent) were from renewable energy of which all were solar projects with approved investments of RM1.4 billion.  

With a turnout of over 200 participants, the conference was ideal for bringing together other esteemed representatives from the Energy Commission, Sustainable Energy Development Authority (SEDA), Tenaga Nasional Berhad (TNB), and financial institutions, who are fundamental in shaping the landscape of sustainable energy in the nation. The event was timely with the recent announcement of the RE programmes launched on 1 April 2024 and the enhanced green tax incentives.

*****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About LONGi

LONGi Green Energy (Shanghai Stock Exchange Code: 601012.SH) is committed to becoming the world’s most valuable solar technology company. With the mission “Harnessing the brilliance of the sun to create a green energy world” and upholding the brand positioning of “stable, reliable, and technologically-driven”, the company focuses on technological innovation, targeting global customer needs. They have established five main business sectors: monocrystalline silicon wafers, cell modules, commercial and residential distributed solutions, ground photovoltaic system solutions, and hydrogen energy equipment, forming the capability to support global zero-carbon development with “green electricity” + “green hydrogen” solutions. In 2020, LONGi Green Energy took the lead in joining the international climate initiatives RE100, EP100, and EV100. By setting Science-Based Targets (SBTi), the company continually promotes its sustainable development, supports the energy revolution, and contributes to building a “green earth”. For more information, please visit: www.LONGi.com

For more information, please contact:

MIDA
Mr. Nelson Samuel Wilson
Director, Green Technology Division, MIDA
Email: [email protected]
Tel: +603-2267 3635

LONGi
Mr. Max Zhu
LONGi Malaysia Country Manager
Email: [email protected]
Tel: +6013-7033760

MIDA and LONGi Driving the Solar Ecosystem Forward at The Solar Synergistics Conference 2024


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Selaras dengan aspirasi Ekonomi MADANI, Pelan Induk Perindustrian Baharu 2030 (NIMP 2030) dan juga Pelan Tindakan Pendidikan Tinggi Malaysia 2022 – 2025 yang menyasarkan penciptaan graduan dan bakat mahir bagi menobatkan Malaysia di kalangan 30 ekonomi terbesar di dunia menjelang 2033, sebuah Memorandum Persefahaman (MOU) antara Kementerian Pendidikan Tinggi (KPT) dan Lembaga Pembangunan Pelaburan Malaysia (MIDA) telah ditandatangani hari ini.

Majlis ini juga turut menyaksikan sesi peluncuran portal MoHE Research and Industry-Infused Incubator (MRI3). Portal MRI3 ini merupakan kerjasama Konsortium Elektrik dan Elektronik Universiti Malaysia (CEE) yang terdiri daripada 19 buah universiti awam bersama 27 syarikat bagi membangunkan bakat dengan pengetahuan dan kemahiran bertepatan dengan keperluan industri elektrik dan elektronik (E&E). Melalui portal MRI3 ini juga, pihak industri dapat mengiklankan penawaran latihan industri, senarai bidang tumpuan projek tahun akhir serta membuat tapisan pelajar. Manakala bagi pelajar, mereka boleh membuat permohonan dan memuat naik resume menerusi portal ini.

Kedua-dua inisiatif ini merupakan sebahagian usaha bagi menangani isu ketidakpadanan antara kemahiran yang dimiliki oleh tenaga kerja yang dijana dan keperluan industri, serta membantu memastikan jaminan pekerjaan dan kebolehpasaran graduan dengan gaji yang lebih baik. Melalui usaha ini, MIDA dan KPT akan terus memperkukuhkan kerjasama bagi memenuhi permintaan tenaga kerja mahir yang diperlukan oleh pihak industri.

Sehubungan itu, majlis hari ini turut menyaksikan pertukaran MOU berasaskan pembangunan tenaga kerja mahir antara KPT dengan tiga syarikat terkemuka yang terlibat dalam industri teknologi tinggi iaitu Micron Memory Malaysia Sdn. Bhd, Stellantis Gurun (Malaysia) Sdn. Bhd. dan Inari Technology Sdn. Bhd. Kerjasama ini adalah usaha berterusan pihak KPT dan MIDA dalam merancakkan kolaborasi antara sektor akademik dan industri bagi meningkatkan kebolehpasaran graduan dan daya saing industri Malaysia.

Antara bidang kerjasama yang telah dipersetujui dalam MOU tersebut termasuklah pembangunan dan penambahbaikan modul program, latihan serta pensijilan profesional, perkongsian pengetahuan dan kepakaran serta penyelidikan dan inovasi.

Dalam pada itu, dengan wujudnya kerjasama ini dapat mengukuhkan lagi matlamat agenda nasional negara bagi meningkatkan daya saing Malaysia secara global selain mampu mewujudkan sebuah ekosistem yang dinamik untuk mencungkil bakat tempatan serta mendorong pembangunan sosio-ekonomi bagi memacu pertumbuhan industri negara.

07 Mei 2024
Kementerian Pendidikan Malaysia;
Lembaga Pembangunan Pelaburan Malaysia (MIDA)


Untuk pertanyaan media, sila hubungi:

KPT
Puan Eparizan binti Mansor

Ketua Seksyen Perhubungan Awam dan Khidmat Pelanggan,
Unit Komunikasi Korporat, KPT
Emel: [email protected]
Tel: 03-8870 6274

MIDA
Puan Azrina binti Hashim

Pengarah ,
Bahagian Pengurusan Talent Industri
dan Ekspatriat, MIDA
Emel: [email protected]
Tel: +603-2267 3454

MOU Kerjasama Strategik KPT-MIDA Dan Portal Tenaga Kerja E&E Perkasa Daya Saing Industri Melalui Pembangunan Bakat Tempatan


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Kuala Lumpur, 2 May 2024 – Building on the success of last year’s launch of the National Biomass Action Plan 2023-2030, Malaysia is stepping up its commitment to sustainable energy, focusing on the integration of palm-based biomass. A pivotal session held today at MIDA Sentral brought together key stakeholders from the biomass ecosystem, demonstrating a concerted effort to drive high-value investments and progress towards Malaysia’s goal of achieving net-zero carbon emissions by 2050.

The guest of honour, Deputy Minister of Investment, Trade and Industry (MITI), YB Liew Chin Tong, joined by top officials including Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, and MIDA’s Chairman, YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob. Moderated by YBhg. Dato’ Sri Ahmad Shabery Cheek, Chairman of FELDA, the meeting attracted 120 participants from the ministries, government agencies, GLICs, private sector, foreign chambers, academic institutions as well as financial institutions and aimed to catalyse the adoption of biomass technologies across various industries.

In his closing remarks, Deputy Minister YB Liew Chin Tong emphasised the government’s strategy to bolster the biomass sector, stating, “Biomass is often seen as the byproduct of the palm oil industry. It’s time for us to see biomass as the feedstock for new and advanced fuels as well as other green industries. The mindset shift means biomass is seen as a necessary enabler for new and high value-added industries that will help achieve the missions set out in the New Industrial Master Plan 2030.”

The session also featured two insightful presentations on “Overall Biomass Investment and Prospects” and “Palm-Based Biomass Market Trends,” which outlined opportunities to attract investments in high-value biomass products like biogas and biofuels.

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid welcomed the participants, highlighting MIDA’s role in fostering a favourable environment for the growth of the biomass industries in Malaysia. He remarked, “As Malaysia’s principal investment promotion agency, MIDA continues to fulfill the Government’s agenda of attracting quality and sustainable investments from both domestic and foreign sources. We recognise the Government’s intention to promote investments that leverage innovative technologies to drive our economic growth, aligned with sustainable development goals. The biomass sector not only presents exciting business opportunities but also plays a crucial role in contributing to a circular economy for a sustainable future. In this regard, we are working to accelerate the use of biomass and help communities realise a clean energy future.”

YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob commented on the investment trends, noting a fluctuation in the biomass sector since 2019 and the challenges this poses. “The scope of oil palm biomass is staggering, encompassing renewable energy, biofuels, biochemicals, bioplastics, bio-fertilizers, and more. However, we also observe a concerning trend of fluctuating investments in the biomass sector since 2019, not meeting our ambitious target of RM10 billion as set in the Twelfth Malaysian Plan (12MP). This elusive goal underscores the challenges we face in harnessing the full potential of our biomass resources. Hence, MIDA recognises the imperative of collective action between relevant authorities and stakeholders, as well as industry players to address challenges within the biomass value chain, including feedstock stability, mobilisation, and pricing mechanism, which are key to attracting long-term investment.”

This session highlighted Malaysia’s dedication to promoting sustainable investments in the biomass sector, crucial for achieving its Net-Zero Target by 2050 as per the Paris Agreement 2016.

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For more information, please contact:

MIDA
Mr. Syed Kamal Muzaffa bin Syed Hassan Sagaff
Director, Sustainability Division, MIDA
Email: [email protected] | DL: + 603- 2267 3636

MIDA Propagates High Value Investment in Circular Bio-Economy for The Palm-Based Biomass in Malaysia


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Kuala Lumpur, 2 May 2024 – In a powerful move to bridge digital divides and ignite a wave of growth in Malaysia, Microsoft has announced a major investment in cloud and AI infrastructure with an investment of US$2.2 billion over the next 4 years. This initiative, part of the ongoing Bersama Malaysia commitment since 2021, is set to transform Malaysia into a leading digital hub, starkly enhancing economic growth and inclusivity through innovative technology.

The Malaysian Investment Development Authority (MIDA) praised this investment as a promising development that distinguishes Malaysia as a top destination for digital investment. Malaysia has been taking steps to master and make good use of AI. By leveraging AI, this initiative promises to unlock new possibilities for innovation, economic growth and inclusivity.

The timely announcement was made by Mr. Satya Nadella, Chairman and Chief Executive Officer (CEO) of Microsoft, in conjunction with the AI National Leadership Forum. It also supports MIDA’s commitment to diversity and inclusion in the digital realm, promoting a sense of belonging, a.k.a. inclusivity, across all demographics.

MIDA CEO, Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid stated, “Malaysia is poised to establish itself as a leading digital hub, attracting major tech enterprises. As digitalisation increasingly redefines global economies, we welcome Microsoft’s announcement of new investment in Malaysia and we look forward to continue to work with Microsoft, a world leader in the digital field, to foster innovation in start-ups, create jobs and harness the transformative power of AI for the betterment of Malaysia’s society. AI now stands as a pivotal game-changing technology that impacts us all.”

“Microsoft’s decision to continue investing in Malaysia highlights Malaysia’s attractiveness as a preferred digital investment destination that offers a compelling ecosystem for companies seeking to establish its operation in the region. We believe that Microsoft’s cloud and AI infrastructure will create a ripple effect of opportunities that bridge the digital divide while empowering businesses to thrive in the digital age,” he added.

“We are committed to supporting Malaysia’s AI transformation and ensure it benefits all Malaysians,” said Satya Nadella, Chairman and CEO of Microsoft. “Our investments in digital infrastructure and skilling will help Malaysian businesses, communities, and developers apply the latest technology to drive inclusive economic growth and innovation across the country.”

Recognising the transformative potential of technologies such as cloud and AI to remain competitive in the global landscape, Malaysia encourages businesses of all sizes, such as startups and local micro, small and medium enterprises (MSMEs) to adopt and utilise cloud and AI. Cloud-based AI services empower startups and MSMEs to integrate advanced capabilities such as machine learning, natural language processing, and predictive analytics into their products and services, driving differentiation and market competitiveness. This aligns with the MADANI Economy Framework that encourages innovation and inclusivity to strengthen Malaysia’s economy, particularly in technology and productivity. The furore surrounding these advancements underscores their significant impact and the urgent need to embrace these technologies.

Malaysia’s steadfast commitment to robust digital infrastructure has solidified the foundation for the nation’s digitalisation journey. The significant RM144.7 billion in digital investments approved from 2021 to 2023, with RM114.7 billion directed towards infrastructure, underscores this effort. As the country advances, the rise of artificial intelligence is poised to drive transformative changes across our digital ecosystem—from talent development to software applications and infrastructural enhancements, ensuring Malaysia remains at the forefront of innovation and progress.

Moving forward, guided by the New Industrial Master Plan 2030 that aims to develop economic complexity and a digitally vibrant nation, MIDA, as Malaysia’s principal investment promotion agency, will continue its mission to attract future driven digital investments enriched with cutting-edge technology to nurture homegrown innovation.

-END-

About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For more information, please contact:

MIDA
Ms. Noorzita Mohamad Nor
Director, Business Services and Regional Operations Division
+603-2267 3515 | [email protected]

MIDA Applauds Microsoft’s Establishment of Cutting-Edge Cloud and AI Infrastructure, Propelling Malaysia Ahead of The Curve in Digital Transformation


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The new facility is designed to meet the growing need to improve the resilience of the printed circuit board supply chain and expand geographic diversity

Penang, 25 April 2024 – TTM Technologies, Inc. (NASDAQ: TTMI) (“TTM”), a leading global manufacturer of technology solutions including mission systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards (“PCB”s), officially opened its first manufacturing plant in Penang, Malaysia with an investment of USD200 million (approximately RM958 million).

Built on 27 acres in Penang Science Park, TTM’s state-of-the-art facility has highly innovative and automated PCB manufacturing capabilities. This project is the result of the close collaboration between TTM and its customers to address the increasing demand for geographical manufacturing diversity and PCB supply chain resilience. The plant is customised to support mass production requirements in various commercial end markets, including networking, data centre computing, medical, industrial, and instrumentation.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang said, “Penang is indeed proud to be the chosen location for TTM to establish its first large-scale, highly automated, and innovative PCB manufacturing plant in Southeast Asia, which also signifies the confidence that foreign investors have placed in Penang. Often lauded for its well-developed industrial ecosystem, Penang has the capacities and capabilities to support the needs of industrial players in next-generation technologies and growth strategies. I am optimistic that TTM will reap a myriad of benefits from its operation in Penang, the Silicon Valley of the East.”

The inauguration of TTM’s Penang plant was marked by the official opening ceremony, presided over by YAB Tuan Chow Kon Yeow, Chief Minister of Penang; Pn. Najihah Abas, Executive Director, Investment Promotion of Malaysian Investment Development Authority (“MIDA”); YBhg.  Dato’ Loo Lee Lian, Chief Executive Officer, InvestPenang; Mr. Thomas Edman, President, and Chief Executive Officer, TTM Technologies, Inc.; Mr. Philip Titterton, Executive Vice President and Chief Operating Officer, TTM Technologies, Inc.; senior government officials; and TTM’s senior management. 

The establishment of TTM’s Penang plant will facilitate the creation of approximately 1,000 employment opportunities across various categories for local talent by 2025. The expansion will generate substantial opportunities for TTM’s local suppliers and will help cultivate the skills of local technical talent in cutting-edge PCB technology solutions.

TTM anticipates that the new plant will generate full run rate revenue of about USD180 million (approximately RM855 million) by 2025. Furthermore, the plant is built to support a Phase 2 expansion that could result in a 25 per cent increase.  

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer, MIDA emphasised, “It brings me great pleasure to underscore the significant benefits TTM Technologies’ investment brings to Malaysia’s electrical and electronics (“E&E”) industry, especially within the semiconductor sector. With TTM’s expertise in high-tech solutions and advanced printed circuit boards, Malaysia is now a critical player in the global semiconductor supply chain.

The inauguration of TTM’s cutting-edge facility in Penang not only strengthens the growth and resilience of Malaysia’s E&E industry but also elevates our capabilities in the next generation of PCB manufacturing. This development aligns seamlessly with the strategic objectives outlined in the New Industrial Master Plan (“NIMP”) 2030, focusing on bolstering the semiconductor ecosystem. It opens avenues for skill development and knowledge sharing among local talents, reinforcing Malaysia’s stature on the global stage as a competitive, technologically advanced nation.”

Mr. Thomas Edman, President, and Chief Executive Officer of TTM Technologies, commented, “The opening of our flagship plant in Penang marks a significant milestone for TTM. We are thrilled to embark on this expansion plan, with a state-of-the-art facility that underscores our commitment to providing our customers with differentiated advanced technology PCB solutions on a global scale. Today, we are proud to celebrate the grand opening of TTM’s first large-scale, highly advanced technology-equipped facility in Southeast Asia. As we step into this new era of innovation and expansion, we are committed to elevating industry standards, meeting customer needs, and propelling TTM’s growth as a new contributor to the Malaysian economy.” 

“Penang’s robust industrial eco-system, position as the electrical and electronics hub, strong talent pool, and conducive business environment have made Penang a preferred location for TTM. Due to the outstanding support of the government and the efforts of our employees, TTM is now entering our production ramp only two years after our initial ground-breaking. As TTM builds our presence in Penang, we eagerly anticipate a longstanding relationship and mutually rewarding partnership with the Malaysian government, our customers, and our critical vendors,” concluded Mr. Edman. 

Besides contributing to the industry’s needs, TTM is strongly committed to protecting its staff, community, customers, and the environment. To further TTM’s sustainability efforts, the new facility is configured to minimise energy and water consumption and will reduce the carbon footprint by 60% when compared to a traditional PCB plant while still meeting rigorous environmental operational standards.

-END-

About MIDA
MIDA is the government’s principal promotion agency under the Ministry of Investment, Trade and Industry (“MITI”) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, Tik Tok, and YouTube channel.

About InvestPenang
InvestPenang is the Penang State Government’s principal agency for the promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), and Global Business Services (“GBS”) Focus Group (promoting and developing digital economy). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn.

About TTM Technologies, Inc.
TTM Technologies, Inc. is a leading global manufacturer of technology solutions including mission systems, radio frequency (“RF”) components/RF microwave/microelectronic assemblies, quick-turn and technologically advanced printed circuit boards (“PCB”s). TTM stands for time-to-market, representing how TTM’s time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. Additional information can be found at www.ttm.com.

For more information, please contact:

MIDA
Ms. Noor Suziyanti Saad
Director, Electrical & Electronics Division
E: [email protected]
Tel: +603-2267 3575

InvestPenang
Elaine Cheah / Arief Ferdaus
Communication & Business Intelligence
E: [email protected] / [email protected]
T: +604-646 8833

TTM Technologies Celebrates the Grand Opening of Its First Manufacturing Facility in Penang


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JOHOR, 25 April 2024 – Ray Tech (Malaysia) Sdn. Bhd., a subsidiary company under the parent company Unicomp Technology China, announced the grand opening of its state-of-the-art Smart Industrial X-Ray Inspection Specialist Plant in Johor, their first entity in Malaysia. This cutting-edge facility will revolutionise the production and distribution of X-ray equipment, catering to the growing demand for advanced X Ray imaging in the various sectors and in the regions around the world.

The opening ceremony was graced by esteemed guests comprising of the guest of honour, YAB Menteri Besar Dato’ Onn Hafiz Ghazi; The Deputy Chief Executive Officer, Investment Promotion and Facilitation of the Malaysian Investment Development Authority (MIDA), Mr. Sivasuriyamoorthy Sundara Raja; President of Unicomp Technology, Mr Liu Jun; General Manager of Ray Tech Malaysia, Mr. Matthew Loh; government officials and dignitaries as well as the members of the media. The event commenced with a ribbon-cutting ceremony followed by the guided tour of the plant, showcasing its advanced innovative assembly processes.

Mr. Sivasuriyamoorthy Sundara Raja, the Deputy Chief Executive Officer, Investment Promotion and Facilitation of MIDA applauded Ray Tech for their groundbreaking achievements and commented, ” Ray Tech is recognised as a dependable and respected leader in Smart Industrial X-Ray Inspection, and their ongoing commitment to innovation, quality, and customer satisfaction drives their success. The new facility in Gelang Patah signifies a significant step forward for our industry and promises numerous job opportunities for the local community. We eagerly anticipate the growth and prosperity this investment will bring. This project is a testament to the success of Malaysia’s manufacturing sector and its supporting ecosystem. It showcases the trust of our companies in the country’s long-term investment propositions and the confidence of local and global investors in Malaysia as a preferred sustainable investment destination.”

Meanwhile, General Manager of Ray Tech Malaysia, Mr. Matthew Loh remarked, “We are excited to inaugurate our X-Ray Assembling Plant in Malaysia, a testament to our continued investment in innovation and commitment to advancing the use of Smart Industrial X-Ray in the various sectors. This facility will not only bolster our production capabilities but also strengthen our presence in the regional and overseas markets, enabling us to better serve our customers.”

Malaysia’s allure in attracting high-technology industries bodes well for the country as it brings along new technology and job opportunities. It underscores investors’ confidence in Malaysia’s business-friendly environment and affirming the country’s status as a preferred investment destination for high-value manufacturing and innovation-driven investments. This 80% export-oriented project will be supported by the Malaysian technical workforce with more than 95% of the total manpower ranging from Managerial, Technical, and Supervisory category.

The advent and portrayal of X-Ray goes further than the medical sector and is now extended to the Automotive, Electronics Semiconductor, Lithium Battery, Public Security, FOD (Foreign Object Detection) and NDT (Non-Destructive Test). Among its noted clientele are from the likes of Xiaomi, Tesla, BYD, Mercedes, BMW and Honda.

This milestone event marks the culmination of months of meticulous planning, dedication and commitment, positioning Ray Tech as a leading player in the area of Smart Industrial    X-Ray Inspection Specialist Equipment. The use of this technology has 500+ patents to its credit.

*****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About Raytech (Malaysia) Sdn. Bhd.

Ray Tech (Malaysia) Sdn Bhd whose parent company is Unicomp Technology China has established its presence here in Gelang Patah since September 2023.

The company has a rich history of innovation and expertise in the X Ray field and continues to make its mark in the sphere of X Ray technology.

The company offers a comprehensive range of high end X-Ray detection instruments and equipments for various industries ranging from the Automotive, Electronics Semiconductor, Lithium Battery, Public Security, FOD (Foreign Object Detection) to NDT (Non-Destructive Test) industries.

The company has developed 500 patents and currently exports to 70 over countries worldwide.

For more information, please contact: 

MIDA
Ms. Zakiah Sajidan
Director of Machinery and Metal Technology Division
T: 03-2267 6769
E: [email protected]

Raytech (Malaysia) Sdn. Bhd.
Mr. Matthew Loh
General Manager
+65 9058 3305

Ray Tech (Malaysia) Sdn. Bhd. Establishes Its State-Of-The-Art Smart Industrial X-Ray Inspection Specialist Plant in Johor, Malaysia


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  • The new plant is part of éolane’s sustainability strategic roadmap that is aimed at creating shared values for all stakeholders, including contributing significantly to Malaysia’s sustainability goals, such as energy usage reduction, economic growth and smart digital factory with AI deployment.
  • With the addition of the new plant in its pipeline, éolane is set to create about 150 new local jobs in Phase 1.
  • Striving to design and supply quality to manufacturing excellence to enhance the performance of the electronic industry, the company also has core businesses within the New Energy, Medical, Capital Equipment, Industrial, and Aeronautic segments.

Kulim, Kedah, 24 April 2024 – éolane, the Europe-leading Electronic Manufacturing Service company based in France, has inaugurated a new manufacturing plant in Kulim Hi-Tech Park, Kedah, with a focus on sustainable production. With a total investment of EUR8.7 million (RM45 million) in Phase 1, the new facility represents a major milestone in éolane’s sustainability roadmap aimed at meeting the industry’s growing demand sustainably. The new production site is fully equipped with a cutting-edge digital production line and system. With the addition of the new plant, éolane expects to create approximately 150 new job opportunities within the state in Phase 1. éolane also plans to substantially increase its production capacity in Phase 2 to meet future demand for high-quality electronic products.

The new manufacturing plant was officiated by YAB Dato’ Seri Haji Muhammad Sanusi Md Nor, Chief Minister of Kedah, Mr. Mohd Rushdan Mohd Ghazali, Director of MIDA Kedah and Mr. Olivier Clement, Chief Executive Officer (CEO) of éolane. Also present at the official launch were YB Dr. Haim Hilman Abdullah, State Exco of Industry and Investment, Higher Education, Science, Technology and Innovation, YBhg. Dato’ Mohd Sahil Zabidi, Group CEO, Kulim Technology Park Corporation (KTPC) and Mrs. Grace Colin, Managing Director of éolane Asia.

In his welcoming address, YAB Dato’ Seri Haji Muhammad Sanusi Md Nor, Chief Minister of Kedah said, “The state of Kedah is very proud to host éolane’s new state- of-the-art factory, which recognises Kedah as a state providing the right prerequisites for sustainable production of high-quality electronic products. This enables éolane to live its vision of improving performance for operation excellence in the electronic manufacturing industry.”

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA welcomed the launch of éolane’s new manufacturing facility, stating, “Malaysia is very honoured that éolane, with its long-term presence in the country, continues to expand in the Kulim Hi-Tech Park. This new facility aligns seamlessly with our New Industrial Master Plan (NIMP) 2030, symbolising éolane’s confidence in Malaysia’s sustained economic growth and our commitment to sustainable practices. We are leaving no stone unturned in ensuring that the automated plant, with a commitment to sustainable practices, not only succeeds but also integrates Malaysia into éolane’s vital international value chain. We are dedicated to supporting industry leaders like éolane and eagerly anticipate their future achievements on the global stage.”

Olivier Clement, CEO of éolane said “We are beyond excited and thrilled about the opening of our new plant here in Kulim, Kedah. This is a significant milestone for éolane, as it is part of our transformative journey towards becoming a World Class Manufacturing leader in electronic manufacturing for our clients. We have chosen Kulim Hi-Tech Park, Kedah as the new location of our plant, as we believe the state has the right infrastructure, talent, and capabilities to meet the demands of the manufacturing industry. With the addition of this new facility in our pipeline, we are confident that we would be able to capture and capitalise on the industry’s demand, not only in Kedah or Malaysia but in the Asian region in general.”

Malaysia has been actively promoting and implementing sustainable development initiatives aligning with the National Investment Aspirations (NIA) and Sustainable Development Goals (SDG) principles. In line with this, éolane through its shared value creation roadmap, aims to contribute towards Malaysia’s sustainability goals, such as energy usage reduction, economic growth, and digital factory with operation excellence. éolane has set up its sustainability roadmap for the company’s growth, innovation, and productivity drive with ESG engagement.

With sustainability being a key aspect of the company’s strategic focus area, éolane endeavours to build a sustainable durable manufacturing ecosystem that would effectively meet the industry’s demand for high-quality electronic products, with minimum environmental impact.

– END –

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About éolane

Currently operating in over 7 countries worldwide, éolane is the leading European electronic manufacturing service provider for professional., éolane designs cutting-edge PCBA & box build integration in small, medium and large series for 8 front-line markets: defense, industry, telecoms, rail, automotive, health, energy and aeronautics. éolane combines technological excellence, innovation strength and industrial capacity to offer tailor-made solutions. éolane’s teams combine a wide range of expertise and certifications to support its customers throughout their products life cycle, from design to obsolescence management of electronic assemblies”. éolane aims to achieve the best technic and economic outcomes, transforming the supply chain into a low carbon economy and achieving the ‘net zero’ targets by 2050 through their overall business operations. For more information on éolane, kindly visit https://www.éolane.com/.

For media enquiries, please contact:

MIDA
Ms. Noor Suziyanti Saad
Director, Electrical & Electronics Division
Email: [email protected]
Tel.: +603-2267 3791

éolane
Mr. Damien Cucumel
Director of communication, éolane
Email: [email protected]
Tel.: +336280988

éolane Pursues Sustainable Growth: Inaugurates its RM45 Mil Electronic Manufacturing Plant in Kulim, Kedah with Sustainability at Core


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Batu Berendam, Melaka, Malaysia, 23 April 2024 – ATX Semiconductor Group, a worldwide well-known provider of Semiconductor assembly and test services, offering a full range of turnkey services that include package design, front-end engineering test, wafer test, package assembly and final test celebrated the opening of its new manufacturing plant in Free Trade Zone III, Batu Berendam, Melaka today. This plant, named as ATX Semiconductor (Melaka) Sdn. Bhd. is not only the first ATX Semiconductor plant in Malaysia, but is also the first ATX manufacturing plant outside China. ATX Group’s robust footprint in China, coupled with its pioneering packaging and test solutions, positions it strongly to capitalise on its capabilities as it expands to the new facility in Melaka.

The Company announced its investment of more than USD55 million (RM258 million) for its expansion in Melaka. The new facility has begun its manufacturing activities and will continue to expand its production capacity to better serve the customers in Malaysia and the surrounding regions. Massive operations are expected to commence in the first half of year 2026.

The event was attended by Melaka state government officials, government officials from the Malaysian Investment Development Authority (MIDA), ATX customers and business partners along with ATX Group employees. The event started off with a keynote address by ATX Group Chief Executive Officer (CEO) followed by an opening gimmick, refreshments, and a tour of the facility.

The establishment of the new manufacturing plant in Melaka underscores ATX’s strategic vision and commitment to global expansion. The new facility represents a substantial investment in cutting-edge technology, new packaging, and capacity expansion with a new manufacturing building to drive innovation and excellence in the semiconductor industry on an international scale.

With a legacy of collaboration and innovation extending more than three decades, ATX Melaka has forged partnerships with multinational leaders like Panasonic and UTAC Group. Leveraging a blend of Eastern and Western manufacturing best practices, including 5S, Kaizen, Toyota Way, and Change Management, ATX Melaka is poised to establish a strong presence among semiconductor players on a global scale.

En. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, warmly welcomed the new ATX Semiconductor facility in Melaka, pointing out its significant role in Malaysia’s economic and investment landscape. He said, “The launch of ATX Semiconductor’s facility here reflects our strong economic position and the diverse attractions that make Malaysia an ideal investment hub in the region. With strategic proximity to key markets, a rich culture, and a robust semiconductor ecosystem, Malaysia is well-positioned to attract a broad spectrum of international investors, including major Chinese corporations. This project will create over 2,000 jobs and strengthen our supply chains to meet the evolving needs of the E&E industry. The potential for investments in Malaysia is vast, and MIDA is eager to support ATX Semiconductor and others in tapping into these opportunities.”

Meanwhile, Mr. Chris Hsu, CEO of ATX Group, remarked, “ATX investment in Malaysia reinforces ATX’s commitment in expanding world-class semiconductor manufacturing capabilities.  The products and services ATX provide encompasses all industries including communication, automotive, consumer, industrial, high-performance computing and medical. ATX is strengthening the electronics supply chain for Malaysia and their customers worldwide.”

ATX now has six IATF16949 certified manufacturing facilities worldwide with more than 8,000 employees along its sales offices across US, Europe, Singapore, Japan, and China.  ATX Semiconductor (Melaka) Sdn. Bhd. plays a vital role among ATX customers. The factory will be producing wide range of semiconductor products from Small Outline Transistor (SOT) /Quad Flat No Lead (QFN) /Transistor Outline (TO) to Sensors.

This new investment will not only help boost Melaka’s state economy and employment opportunities, but also facilitate technology transfer and talent development between China and Malaysia. ATX Melaka strongly believes in corporate social responsibility and desires to make a positive impact on the environment and community, while being an employer of choice.

                                                               *****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About ATX Semiconductor

ATX Semiconductor Group is a global semiconductor leader in Semiconductor assembly and test services drives to decarbonization and digitalization through its products and solutions. ATX is headquartered in China, with production facilities in China and Malaysia. The company has a professional laboratory with most advanced equipment to provide customers with comprehensive solutions. The ATX Group strives to have a passionate people working in unity to deliver high quality products and value-added services that meet and exceed customers’ expectation. We strongly believe in Corporate Social Responsibility (CSR) and desires to make a positive impact on the environment and community, while being an employer of choice. For more information, please contact: 

MIDA
Ms. Noor Suziyanti Saad

Director of Electrical and Electronics Division, MIDA
T: 03-2267 3575
E:[email protected]

ATX Semiconductor

Mr. Lim Siew Chin
Director of Business Management, ATX
T: 06-2843676
E: [email protected]

Follow us at www.atxsemicon.com

ATX Group Establishes Its First Manufacturing Plant Outside China In Melaka, Malaysia


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  • Ultra Clean Holdings, Inc. has opened a new manufacturing facility in Pulau Pinang, marking a major expansion in the semiconductor sector.
  • Anticipated to generate an additional USD600 to USD800 million in revenue, significantly enhancing the local economy.
  • From zero employees in 2020 to over 600 today, the facility boosts local employment and community involvement.
  • The design emphasises environmental stewardship, utilising solar power and maximising natural light to reduce energy consumption.

Pulau Pinang, 23 April 2024 – Ultra Clean Holdings, Inc. (UCT), a leading developer and provider of critical subsystems, components, and ultra-high purity cleaning and analytical services for the semiconductor sector, proudly announces the inauguration of its new manufacturing facility in Pulau Pinang. With an investment of RM250 million, this new facility underscores UCT’s steadfast commitment to business continuity, customer satisfaction, and environmental stewardship. This strategic initiative positions UCT as a beacon of innovation and responsibility in the global semiconductor market, further solidifying its role as a leader in the sector.

The inauguration ceremony was honoured by the presence of YAB Tuan Chow Kon Yeow, Chief Minister of Penang, alongside representatives from Federal and State governments including Mr. Muhammad Ghaddaffi, Director of the Malaysian Investment Development Authority (MIDA), marking a landmark moment for both UCT and Malaysia’s manufacturing landscape.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang stated, “Often lauded for its well-developed industrial ecosystem, Penang has the capacities and capabilities to support the needs of industrial players in next-generation technologies and growth strategies. I am optimistic that UCT will be able to reap many benefits from its operation in Penang, the Silicon Valley of the East.”

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, expressed his commendations for UCT’s accomplishments. “Congratulations to UCT for your impressive contributions to our job market. The opportunities for investment in Malaysia are boundless, driving growth and sparking innovation across sectors. This is a perfect match for our vision of an economy fuelled by advanced skills and the latest technologies. UCT’s initiatives are crucial in this effort, aligning seamlessly with Malaysia’s New Industrial Master Plan (NIMP) 2030. Beyond just facilitating investments, MIDA is committed to actively working with our established partners like UCT to transform their operations and elevate productivity,” he remarked.

“We are proud to partner with the Government of Malaysia, the state of Penang and MIDA to expand our global footprint as part of our strategic growth plan,” said Jim Scholhamer, CEO of UCT. “This state-of-the-art facility will ensure business continuity, enable us to better serve and bring value to our local and global customer base, and allow us to capitalise on longer-term growth opportunities.”

The construction of the facility, executed in phases, began in September 2020. The first phase covered 300,000 square feet, focusing on weldments, frames, and modules. The second phase, started in early 2022, added another 250,000 square feet, boosting vertical integration capabilities. With the recent acquisition of nine additional acres of land in mid-2023, plans for a third phase are underway, promising to extend manufacturing capacities and vertical integration opportunities later this year.

Upon completion of all phases, UCT projects an additional revenue potential of USD600 to USD800 million. This expansion not only aims to boost local employment — growing from zero employees in 2020 to over 600 today — but also to increase economic contributions to the region, strengthen community engagement, and enhance business continuity. UCT’s dedication to sustainability is evident in the facility’s energy-efficient design, utilising solar power and maximising natural light to minimise environmental impact.

– END –

About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments in the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the current technology revolution. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About Invest Penang

InvestPenang is the Penang State Government’s principal agency for the promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), and i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn.

About Ultra Clean Holdings, Inc.

Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services, primarily for the semiconductor industry. Under its Products division, UCT offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing. Under its Services Division, UCT offers its customers tool chamber parts cleaning and coating, as well as micro-contamination analytical services. Ultra Clean is headquartered in Hayward, California. Additional information is available at www.uct.com.

For enquiries, please contact:

MIDA
Ms. Zakiah Sajidan
Director, Machinery and Metal Technology Division
Email: [email protected]
Tel.: +603- 2267 6769

Invest Penang
Ms. Elaine Cheah / Mr. Arief Ferdaus
Communication & Business Intelligence
Email: [email protected] / [email protected]
Tel.: +604-646 8833

Ultra Clean Holdings, Inc
Ms. Rhonda Bennetto
Senior Vice President, Investor Relations
Email: [email protected]

Ultra Clean Holdings, Inc. Announces the Inauguration Of Its New RM250 Million Manufacturing Facility In Pulau Pinang


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Boosting production capabilities through its RM50 mil phase-1 manufacturing facility to meet rising demand for more sophisticated automotive electronics

Selangor, 19 April 2024 – MCE Holdings Bhd.’s (MCE), through its wholly owned subsidiary Multi-Code Electronics Industries (M) Bhd., a leading original equipment manufacturer (OEM) specialising in automotive electronics and mechatronics parts, celebrated the construction commencement ceremony for the MCE Auto Hub, the company’s new manufacturing facility in Serendah. Spanning an eight-acre (359,370 square feet) site, the first phase of the MCE Auto Hub represents an initial investment of RM50 million.

Upon completion, the hub will serve as MCE’s primary production facility, bolstering its capacity to meet the growing demand for sophisticated electronic components and systems in both internal combustion engine (ICE) vehicles and electric vehicles (EVs). This strategic investment underscores MCE’s commitment to addressing the evolving needs of next-generation automobiles, particularly in advanced automotive electronics such as cockpit infotainment systems, digital displays, and various components for both ICE vehicles and EVs.

The ceremony held at the UMW High Value Manufacturing Park, was officiated by the Minister of Investment, Trade, and Industry (MITI), YB Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz. Also, in attendance were YB Ng Sze Han, Selangor State EXCO of Investment, Trade and Mobility, YBrs. Azrul Reza Aziz, Chief Executive Officer (CEO) of the Malaysia Automotive Robotics and IoT Institute (MARii); as well as representatives from local agencies, MCE’s partners, and other distinguished guests.

In his officiating speech, the MITI Minister, Tengku Zafrul Aziz highlighted, “We applaud this major decision by Multi-Code Electronics Industries (M) Berhad (MCE) to deliver cutting-edge solutions that enhance our automotive ecosystem, which is a testament to the government and MITI’s strategic policy push towards fostering growth and innovation in Malaysia’s automotive sector. The development of the MCE Auto Hub will further contribute to the growth of this sector, which currently contributes around RM40 billion to Malaysia’s GDP, while providing 700,000 jobs. More importantly, as envisaged by key policies such as NIMP2030 and the National Automotive Policy, the MCE Auto Hub will also propel the nation towards regional leadership in automotive electronics manufacturing, while making Malaysia more attractive for auto investors.”

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of the Malaysian Investment Development Authority (MIDA), expressed, “This breakthrough not only signifies a significant milestone for our industry, but also serves as a catalyst for economic growth, job creation and innovation. MIDA deeply values the high-value investment from MCE, as it will bolster the EV ecosystem in the country. Furthermore, the localisation of automotive electronic component production holds immense promise for job creation and enhance competitiveness for automotive OEM both locally and globally. MIDA remains committed to cultivating a supportive environment that promotes the expansion and richness of Malaysia’s industrial landscape. Congratulations to everyone involved in making this visionary initiative a reality – a vital step towards a sustainable and inventive future.”

Dr. Goh Kar Chun, Group Managing Director of MCE, said, throughout our journey, MITI, MIDA, MARii, and all local authorities have provided exceptional support and invaluable guidance. Their commitment to nurture and promotes local automotive manufacturing sector has been pivotal to our success.”

“The investment signifies our aim to lead in supplying automotive electronics and mechatronics parts in the region, capitalising on Malaysia’s advantage and its highly established electrical and electronics (E&E) industry, enhancing our capacity in supplying sophisticated products that are designed, produced, and made in Malaysia!” Goh added.

He also thanked customers and business partners for their unwavering support, stating, “The strategic location of the UMW High Value Manufacturing Park offers significant logistical and cost benefits, allowing us to be closer to some of our customers, partners, and suppliers. This proximity facilitates better collaboration and helps us further develop our ongoing partnership to foster a robust local ecosystem in automotive electronics, contributing to the overall economic contribution of the industry.”

This shift necessitates a need for a more stringent and technologically advanced manufacturing environment, in line with global digitisation trends and the growing EV market. Moreover, MCE’s commitment to innovation and growth underscored by its projected total investment of RM150 to RM200 million over the next 10 years in the new manufacturing facility.

Construction of the first phase new plant is expected to be completed by the end of the year, with operations slated to begin in 2025. For more information about MCE, please visit https://multicode.com.my/.

– END –

About MIDA
MIDA is the Government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments in the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the current technology revolution. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About Multi-Code Electronics Industries (M) Bhd
Multi-Code Electronics Industries (M) Berhad is a leading OEM provider specializing in the full spectrum of design, manufacture and supply of automotive electronics and mechatronics parts for the Malaysian and regional markets. It currently has two operational facilities in Johor and Port Klang, Selangor, employing over 500 full-time employees.

MCE
Kevin Tan
Associate Director
Tel: +6012 700 1666
Email: [email protected]

MIDA
Mr. Mohd Riduan Abd. Rahman

Director, Transportation Technology Division
Tel: +603-2267 6686
Email: [email protected]

Multi-Code Electronics Holds Construction Commencement Ceremony for MCE Auto Hub


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Kuala Lumpur, 16 April 2024 – The Malaysian Investment Development Authority (MIDA) is pleased to announce Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid as its new Chief Executive Officer effective 18 April 2024. Mr. Shamsul will succeed YBhg. Datuk Wira Arham Abdul Rahman, who is set to retire from public service tomorrow, 17 April 2024.

This strategic appointment underscores MIDA’s commitment to fostering economic growth and diversification, in line with its mission of building dynamic and sustainable investment ecosystems to attract quality investments.

Mr. Shamsul brings approximately 28 years of dedicated service to MIDA, during which he has been pivotal in defining the strategic direction of the agency and elevating Malaysia’s investment environment. A graduate from the University of Malaya, he earned a Bachelor’s Degree in Economics, with a major in Analytical Economics, in 1995. His academic achievements have enriched his extensive professional experience.

Since joining MIDA in 1996, he has occupied various significant leadership roles, including Executive Director for Manufacturing Development and Investment Promotion, and most recently, Senior Executive Director of Investment Policy Advocacy. In his latest role, he has led initiatives that significantly bolstered both domestic and foreign investments, showcasing his profound grasp of economic trends and policy advocacy.

As we prepare to welcome Mr. Shamsul into his new role, it is also a time to honour the legacy of YBhg. Datuk Wira Arham Abdul Rahman, who has been instrumental from 1 April 2021 to 17 April 2024 in steering MIDA towards groundbreaking achievements. Under his leadership, MIDA has seen historical achievement in approved investments and unprecedented growth in areas such as high-tech investments and digital transformation, which have significantly enhanced Malaysia’s economic resilience and competitiveness on the global stage.

With a focus on attracting investments in key sectors such as manufacturing, ICT, and green technologies, MIDA continues to strengthen Malaysia’s position on the world stage as the preferred investment destination. Mr. Shamsul is set to carry forward this legacy of visionary leadership and strategic acumen. His extensive experience and deep understanding of MIDA’s goals uniquely position him to drive the organisation towards even greater success and innovation in investment promotion.

***THE END***

About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For media enquiries please contact:

Ms. Fatmah Ahmad

Director, Corporate Communications

E: [email protected] | DL: +60322672428

Mr Sikh Shamsul Ibrahim Takes Helm as The New CEO of MIDA


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Kuala Lumpur, 16 April 2024 – Aligned with the government’s commitment to making Malaysia the chosen investment destination for foreign and domestic investors and businesses, Hong Leong Bank (“HLB” or the “Bank”) has recently formed a strategic collaboration with the Malaysian Investment Development Authority (“MIDA”), pledging to support the overall investment ecosystem and provide comprehensive financing and banking services for businesses entering the Malaysian market. Today’s event was notably graced by YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), who witnessed the MOU exchange, highlighting the government’s support for this initiative.

Malaysia has approved RM329.5 billion in investments across various economic sectors for the year 2023. Boosted by this recent injection of investments and a robust economic framework, the government hopes to elevate Malaysia’s standing on the global stage, establishing the country as a prime investment destination by ensuring a seamless and integrated investment process. The agreement was officiated by Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA, and Mr. Kevin Lam, Group Managing Director and Chief Executive Officer of Hong Leong Bank Berhad, marking a commitment to foster a strategic alliance that promotes sustained business growth and engagement across Malaysia’s SMEs and commercial sectors.

YB Tengku Zafrul Abdul Aziz remarked, “The key to all development activities is partnership. Partnerships with governments, civil society and the private sector are crucial for nation-building as well as regional cooperation. Through such partnerships, we are setting the stage for Malaysia to shine as a preferred investment destination. The MIDA-Hong Leong MOU aligns with our roadmap to a thriving economy, with opportunities for all, enabling us to look forward to a future where we build on our proud achievements, and collaborate towards more economic innovation and success.”

Meanwhile, Datuk Wira Arham Abdul Rahman, CEO of MIDA, commented on the need for more collaborations between the government and the private sector for the country to build towards shared economic prosperity.

“By continuously working towards making Malaysia the ultimate investment sweet spot for foreign and domestic investments, we want to ensure that Malaysia remains at the forefront of industrial transformation by leveraging the country’s strategic location, robust infrastructure, and dynamic workforce. In doing so, we have to continually enhance our support systems, economic guardrails, and technological infrastructure for investors to utilise and benefit from, and this can only be achieved through collaborations like this with Hong Leong Bank. With HLB’s end-to-end, tailor-made financing solutions and advisory services, we hope to boost the investment environment of Malaysia to remain competitive within the region and beyond.”

Kevin Lam, Group Managing Director and Chief Executive Officer of HLB highlighted the Bank’s commitment to supporting the regional expansion of corporations into Malaysia, thus helping strengthen the business and investment ecosystem in the country.

“The future of regional business expansion looks increasingly promising for Malaysia, with the Milken Institute’s Global Opportunity Index (GOI) 2024 report ranking Malaysia as the best country in Asia for overall investment conditions. This international recognition will definitely attract many investors and businesses from various sectors, and with our deep-rooted entrepreneurial heritage and customised financing solutions, Hong Leong Bank is well-positioned to support these stakeholders in their expansion journey. By leveraging on our expertise and market insights, companies can effectively capitalise on growth opportunities, forge international partnerships, and expand their operations with our tailor-made business banking solutions specially crafted for the corporations’ specific needs. With this, we hope to be a driving force in enhancing the investment landscape in Malaysia, as we collectively work towards creating a dynamic economic environment that promises mutual benefit.”

HLB has a proud track record of facilitating cross border business expansion, with a prime example being the collaboration between Hong Leong Bank Cambodia and the SME Association of Malaysia, establishing a platform for business matching, networking, and knowledge sharing between SMEs in Malaysia and Cambodia. Moreover, HLB is also strongly committed to supporting SMEs, with the Bank recognising its SME segment as a key growth segment moving forward. In fact, one of the Bank’s most successful partnerships is with the Malaysia Motorcycle & Scooter Dealers Association (“MMSDA”), which offered up to RM5 million in clean working capital financing for auto loan packages and digital business solutions, supporting more than 200 dealers since its inception.

HLB formalised this collaboration with MIDA through the signing of a Memorandum of Understanding (MOU), signifying the establishment of a mutually beneficial strategic alliance of continuous engagement and business between the two parties.

MIDA also launched their novel coffee table book “Stepping Stones: MIDA’s Journey” to the public at the ceremony to commemorate the occasion as well. MIDA’s coffee table book celebrates the past achievements and resilience of MIDA and stands as beacons of progress, symbolising a future where Malaysia continues to thrive as a competitive, dynamic investment destination. Through unity, strategic partnerships, and a shared vision, the path ahead is paved with endless possibilities for growth, development, and prosperity for Malaysia and its people.

                                                               *****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About Hong Leong Bank

Please visit  www.hlb.com.my

For more information, please contact: 

MIDA

Ms. Fatmah Ahmad

Director of Corporate Communications Division

T: 03-2267 2428

E: [email protected]

Hong Leong Bank Berhad

Ms. Vivian Tan

Corporate Communication & CSR

T: +6032081 8888 Extn 61914

E: [email protected]

Mr. Derrick Pang

Corporate Communication

E: [email protected]

Hong Leong Bank Forms Strategic Alliance with MIDA, Ensuring Malaysia Remains an Investment Destination Of Choice


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Kuala Lumpur, 20 March 2024 – The Malaysian Investment Development Authority (MIDA) and Enterprise Singapore (EnterpriseSG) had enhanced the jointly managed Malaysia-Singapore Business Development Fund (MSBDF) for Third Countries. Businesses are highly encouraged to tap into the fund, which was first established in 2004 to strengthen cooperation between the private sectors of both countries.

A significant enhancement to the provisions of the MSBDF agreement was agreed upon on 30 October 2023 between YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Malaysia’s Minister of Investment, Trade, and Industry (MITI) and H.E. Gan Kim Yong, Singapore’s Minister of Trade and Industry. The fund facilitates both countries to jointly pursue opportunities in third countries and conduct joint pilots in each other’s country, especially in emerging areas such as green economy and digital economy.

Tengku Zafrul said, “Malaysia and Singapore’s unique relationship is underscored by our geographical, as well as long-standing economic and shared cultural ties. The joint business objectives MSBDF reflect the depth and breadth of those ties, making it easier to leverage on existing synergies for both nations’ private sectors to explore business and investment opportunities in third countries. The enhancements to MSBDF make it more conducive for future collaborative efforts. We strongly encourage businesses to tap into the MSBDF, another important platform through which we can create and deliver more tangible benefits for our people and businesses.”

Reinforcing this viewpoint, Datuk Wira Arham Abdul Rahman, the Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), expressed his contentment with the ongoing collaboration. “Our partnership with Enterprise Singapore highlights Malaysia’s prominent role in fostering regional economic growth. We are committed to significantly expanding our economic cooperation, encouraging the private sectors of both countries to delve into the digital and green economies. Through initiatives like Joint Trade Missions, Joint Feasibility Studies, and Joint Pilots, we are dedicated to promoting economic expansion. Moreover, MIDA is poised to facilitate companies that are keen to explore these new avenues, ensuring a streamlined process for those looking to capitalise on the opportunities presented by the MSBDF.”

The MSBDF, administered by MIDA and Enterprise Singapore (EnterpriseSG), welcomes applications from Malaysian and Singaporean businesses and associations.

Malaysian SMEs can visit MIDA’s official website https://www.mida.gov.my/invest-in-malaysia/business-facilitation/ for further details on guidelines, eligibility criteria, application procedures and funding mechanisms.

***THE END***

About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For media enquiries please contact:

Mr. Nazuki Abdullah
Director of Cross Border Investment Division Malaysian Investment Development Authority (MIDA)
Email: [email protected] / [email protected] | DL: +603-2267 6688

Companies Encouraged to Utilise Malaysia-Singapore Business Development Fund (MSBDF) to Tap Into Commercial Opportunities in Third Countries


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PENANG, 18 MARCH 2024 – QES Group Berhad (QES), a global leader in the semiconductor industry, is advancing in its commitment to sustainable practices and innovation, aligning with Malaysia’s vision to be a front-runner in Environmental, Social and Governance (ESG) leadership in Southeast Asia.  This commitment is exemplified through its latest initiative; the establishment of RM40 million plant in Batu Kawan Industrial Park, Penang (QES 2@BKIP) and its adoption of solar energy as a renewable source to decrease reliance on conventional electricity.

QES 2@BKIP is designed to minimise its environmental impact and integrate with its surroundings, aiming to achieve green building certification by utilising eco-friendly materials and implementing renewable energy solutions. This project is expected to create 100 high-quality job opportunities within 3 years.

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI) remarked, “The New Industrial Master Plan (NIMP) 2030 has clearly laid out Malaysia’s industrial reform journey towards achieving higher economic complexity, technological prowess, sustainability, as well as economic inclusivity. The convergence of two or more of these objectives through NIMP’s target sectors will help speed up our industrial reform, and we see this in QES’s upcoming plant where innovative hi-tech semiconductor manufacturing meets sustainability. Such convergence will also help Malaysia’s manufacturing sector move up the global value chain more quickly, while creating better-paying jobs for our people, and contributing to our net zero future.”

Datuk Wira Arham Abdul Rahman, CEO of the Malaysian Investment Development Authority (MIDA), highlights the significance of the ESG theme in reshaping contemporary business practices, particularly within the semiconductor industry. He commends QES, stating, “QES’s sustainability goals dovetail seamlessly with the prevailing trend among companies and investors to prioritise ESG considerations. I am heartened to see their dedication to innovation and sustainability, evidenced by their prioritisation of renewable energy solutions and eco-friendly materials. With ESG now a top priority, collaborative partnerships are essential for semiconductor firms to make progress on decarbonisation. MIDA stands fully supportive of such endeavours, recognising their potential to not only generate high-quality job opportunities but also shape a more sustainable future for generations to come.”

“QES is committed and taking significant steps in achieving our ESG milestones as we recognise the undeniable importance of sustainable practices, therefore we prioritise achieving operational profitability whilst focusing on the ESG criteria as critical components in business sustainability. QES is confident that QES 2@BKIP will further reinforce our presence and foster our efforts for growth and success” said Chew Ne Weng, Group Managing Director of QES Group Berhad.

Simultaneously, QES 2@BKIP will be used to house the joint venture company, Applied Engineering Technology (M) Sdn. Bhd. (“AETM”) with its USA counterpart Applied Engineering Inc. This will double AETM’s factory space from its current rented facility of 18,000 square feet to approximately 30,000 square feet and doubling its manpower requirements over the next 3 years.

With a focus on ESG principles, QES is poised to lead the way towards a more sustainable future, positioning the company as a leader in the semiconductor industry and in Malaysia’s vision for a sustainable future.

– End –

About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About QES Group Berhad
QES Group Berhad (“QES” or the “Group”) is listed on the Main Board of Bursa Malaysia Securities Berhad. Through its subsidiaries, QES Group is principally involved in the manufacturing, distribution, and provision of engineering services for inspection, test, measuring, analytical and automated handling equipment.

The Group serves customers from a broad range of industries primarily semiconductor, electrical & electronics, automotive & metal, petrochemical and mining industry.

QES is listed under the Industrial Products & Services Sector (Name & Code: QES & 0196).

For more information about QES Group Berhad, please visit https://www.qesnet.com/.

For more information, please contact:

MIDA
Ms. Zakiah Sajidan

Director of Machinery & Metal Technology Division
T: 03-2267 6769
E: [email protected]

QES Group Berhad
Ms. Alicia Chan

Sr. Personal Assistant to the Group Managing Director
Telephone: 03-5882 6668
Email: [email protected]

QES Group Berhad Empowers ESG via Its New RM40 Million Manufacturing Plant in Penang


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  • In Emerging and Developing Asia, Malaysia excels, especially in Financial Services and Institutional Framework, surpassing the regional average.
  • Globally ranked 5th for Investors’ Rights, highlighting Malaysia’s dedication to securing a trustworthy investment environment.
  • High rankings in Business Perception, Financial Services, and Institutional Framework categories underscore Malaysia as a comprehensive investment destination.
  • Malaysia stands above the rest in Emerging and Developing Asia by exceeding the average in all GOI categories, showcasing its broad-based appeal.
  • With solid investment conditions, Malaysia offers a relatively lower-risk environment, promising stability and growth potential.

Kuala Lumpur, Malaysia, 15 March 2024 – In light of the recent Global Opportunity Index (GOI) 2024 report by the Milken Institute, which distinguished Malaysia as the leading nation among Asia’s emerging and developing countries in terms of overall investment conditions, the Malaysian Investment Development Authority (MIDA) proudly acknowledges this landmark achievement. Malaysia’s commendable global rank of 27, surpassing regional competitors like Thailand and China, marks a significant milestone in the nation’s economic development journey.

Highlighted in the report, Malaysia emerges as a standout among the top ten (10) countries in emerging and developing Asia, boasting a strong institutional framework and balanced strengths across economic, financial, and regulatory domains. Surpassing its counterparts in all five (5) categories of the Global Opportunity Index, Malaysia offers a comparatively lower-risk investment landscape, setting it apart from other developing Asian markets.

This prestigious ranking is a direct reflection of the relentless efforts by the Malaysian Government, spearheaded by the Ministry of Investment, Trade and Industry (MITI), with MIDA playing a crucial role in enhancing the ease of doing business and smoothing out the investment process across the nation. From extensive trade and investment missions to forging international partnerships, Malaysia’s concerted efforts are bearing fruit, unlocking potential investments worth billions. Notably, the recent strategic Working Visit to Germany, led by the Prime Minister Dato’ Seri Anwar Ibrahim, together with the Minister of Investment, Trade, and Industry YB Senator Tengku Datuk Seri Utama Zafrul Abdul Aziz, marked a significant milestone with prospective investments amounting to RM45.4 billion. This venture, coupled with a similarly fruitful mission to Australia, which resulted in commitments from Australian companies to invest RM24.5 billion, underscores Malaysia’s adeptness in navigating the international investment landscape.

A Commitment to Excellence and Continuous Improvement

MIDA has been at the forefront of implementing strategies and initiatives aimed at improving Malaysia’s investment landscape. By focusing on reducing bureaucratic hurdles, enhancing transparency, and ensuring a competitive and supportive environment for both domestic and international investors, MIDA has contributed significantly to this international recognition.

“MIDA is dedicated to building upon this success by continually enhancing our services and support systems for investors,” said Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA. “Our goal is to not only maintain Malaysia’s position as a prime investment destination in Asia but also to elevate our standing on the global stage. We are devoted to making Malaysia the ultimate investment sweet spot by ensuring a more seamless and efficient investment process across the nation.”

In alignment with the sentiments expressed by the MITI Minister YB Senator Tengku Datuk Seri Zafrul Abdul Aziz, MIDA reiterates its commitment to addressing the key pain points along the investor’s journey and optimising the investment climate in Malaysia. Future initiatives will focus on digitalisation, sustainability, and innovation, ensuring Malaysia remains attractive to sectors that are pivotal for future economic growth, aligning with policies in place such as the New Industrial Master Plan 2030, the National Energy Transition Roadmap and the Twelfth Malaysia Plan.

MIDA’s strategic approach includes enhancing partnerships, both locally and internationally, to foster a collaborative investment environment. These efforts are part of a broader national strategy to secure Malaysia’s position as the gateway to Asia for investors seeking growth, innovation, and sustainability.The recognition by the Milken Institute underscores the effectiveness of Malaysia’s economic policies and the concerted efforts of all stakeholders, including government agencies, industry players, and the investment community. MIDA, in collaboration with MITI and other Ministries and Agencies at both federal and state levels, will continue to drive forward Malaysia’s investment agenda and ease-of-doing-business, leveraging the country’s strategic location, political stability, robust infrastructure, and dynamic workforce.

As Malaysia strides into the future, MIDA invites investors from around the globe to explore the diverse opportunities in the country that is not only strategically positioned but is also committed to fostering responsible and sustainable investments and building an inclusive economic landscape for the nation.

***THE END***

About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For media enquiries please contact:

Ms. Fatmah Ahmad
Director of Corporate Communications Division
Malaysian Investment Development Authority (MIDA)
Email: [email protected] | DL: +603-2267 2428

MIDA Celebrates Malaysia’s Top Ranking in Global Investment Conditions by Milken Institute


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Bukit Tagar, Selangor, 13 March 2024 – J&T Berjaya Alam Murni Sdn. Bhd. (JBAM), a collaborative venture among Berjaya Enviro Holdings, J&T Recycling Corporation of Japan, and JFE Engineering (M) Sdn. Bhd. is proud to announce the inauguration of its state-of-the-art Waste-to-Energy (SWTE) Plant at Bukit Tagar Enviro Park (BTEP). This cutting-edge SWTE facility, integral to the Sustainable Scheduled Waste Treatment Centre (SSWTC), features a highly efficient thermal scheduled waste treatment system in compliance with the standards set by the Department of Environment (DOE) Malaysia.

The opening ceremony was graced by YBrs. Dr. Norhazni Binti Mat Sari, Deputy Director General of Operation, DOE Malaysia, Ministry of Natural Resources and Environmental Sustainability. Among the distinguished guests were Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer, Investment Promotion and Facilitation, of the Malaysian Investment Development Authority (MIDA) and H.E. Katsuhiko Takahashi, Ambassador of Japan to Malaysia.

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA, commended JBAM’s partnership on pioneering waste management solutions in Malaysia, stating, “This venture addresses growing need for comprehensive waste management facilities driven by our nation’s industrial growth. Waste management stands as a critical issue in the country, and the Malaysian Government is proactively enhancing the system to address environmental concerns and promote sustainable waste practices. The SSWTC plant exemplifies JBAM’s commitment to corporate responsibility, setting a benchmark for local businesses to address the scarcity of such facilities. In an era where environmental, social, and governance (ESG) principles are paramount, initiatives like these are crucial for promoting sustainable development and effectively tackling climate change challenges.”

In his address, Mr Koh Chee Yong, the Managing Director of JBAM, emphasised the successful realisation of the SWTE project is the culmination of efforts involving dedicated team members, crucial support from government authorities and various stakeholders. This includes DOE, MIDA, Malaysian Green Technology and Climate Change Corporation (MGTC), JFE Engineering, Amita Corporation and the project’s financier, Ambank Group.

The event marks an ultimate milestone in the strategic collaboration between Berjaya Enviro Holding, J&T Recycling Corporation and JFE Engineering (Malaysia) since the conceptualisation of the project back in 2017 and is looking forward to continue the collaboration with JFE in exploring future opportunities for the development of environmental related projects in Malaysia.

“We would like to thank Government Authorities, DOE Malaysia, MIDA, MGTC, Ambank and all our customers from industrial and private sectors for the continuous support and wish to reiterate that the SWTE plant is another significant step by BTEP towards the aspiration of effectively “Setting the Benchmark for Sustainable Waste Management”.”

“The SWTE plant is our newest facility within the SSWTC inside BTEP designed for thermal treatment of scheduled waste with a heat energy recovery system to increase the recycling rate of scheduled waste via our synergistic operations in BTEP.  It is also worth to note that 250 direct jobs have been created to support the management and operation and maintenance of the SWTE Plant,” he added.

BTEP stands as an integrated treatment centre for both municipal solid waste and scheduled waste in Malaysia, reflecting Berjaya Enviro Group’s commitment to advancing the circular economy. Aligned with the Cradle-to-Cradle concept promoted by the DOE, the modern facilities, including the 12 MW Landfill Gas to Renewable Energy plant and the 100% Scheduled Waste to Alternative Raw Material (ARM) Recycling plant, assume pivotal role in transforming waste into valuable resources and renewable energy.

These initiatives resonate with our nation’s sustainability agenda and green technology development goals. Notably, these projects have received significant supports from MIDA, through tax incentives and facilitation of collaborations with various government agencies.

The aspirations set forth in the New Industrial Master Plan 2030, particularly within Mission 3: Push for Net Zero, are significantly bolstered by robust waste management strategies. JBAM aims to foster sustainable economic growth and pave the way for a more environmentally conscious future in Malaysia. This project is particularly warmly embraced, aligning seamlessly with our promoted activities, as underscored by the enhanced tax incentives announced in the Budget 2024. The optimistic anticipation is for the actualisation of additional waste management facilities, fulfilling the objective of efficient waste management and the adoption of high technology and high value-added practices.

***End***

About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, Tik Tok and YouTube.

About J&T Berjaya Alam Murni Sdn Bhd (JBAM)
J&T Berjaya Alam Murni Sdn Bhd (JBAM) is a joint-company comprise of Berjaya Enviro, J&T Recycling Corporation of Japan and JFE Engineering (M) Sdn Bhd to undertake the development and management of Sustainable Schedule Waste Treatment Centre (SSWTC) located in Bukit Tagar, Hulu Selangor, Malaysia. The SSWTC is an Integrated Waste Management Facility approved by the Department of Environment that can receive, treat and disposed 76 out of 77 Scheduled Waste Codes, namely clinical, toxic and hazardous waste generated from medical facilities, small, medium and heavy industries.

For media enquiries, please contact:

MIDA
Mr. Nelson Samuel
Director of Green Technology Division
Tel:03-22673635
Email: [email protected]

J&T Berjaya Alam Murni Sdn Bhd
Mr. Peter Wong
Chief Executive Officer
Tel: 03-26886333
Email: [email protected]

JBAM Inaugurates Its RM172 Million New and State-of-the-Art Scheduled Waste-to-Energy Plant


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Achieving over 60% Completion Towards Yielding Abundance Economic Spillovers Across Four States

Kuala Lumpur, March 8, 2024 – The Malaysian Investment Development Authority (MIDA) has organised the first-of-its-kind Seminar on the East Coast Rail Link – Economic Accelerator Project (ECRL-EAP) Business and Investment Opportunities together with our strategic partners, the Malaysia Rail Link Sdn. Bhd. (MRL) and PLANMalaysia. This milestone event marks a significant stride forward following the signing of the Memorandum of Understanding (MoU) between the MIDA and China Communications Construction Company Ltd. (CCCC) in 2019 in Beijing, China.

The seminar was officially inaugurated by YB Senator Tengku Datuk Seri Utama Zafrul Abdul Aziz, Minister of Investment, Trade and Industry (MITI), and witnessed the attendance of key figures Federal and State Governments such as Chairman of MIDA, Tan Sri Dato’ Seri Dr. Sulaiman Mahbob; CEO of MIDA, Datuk Wira Arham Abdul Rahman; CEO of MRL, Datuk Seri Darwis Abdul Razak; and Director General of PLANMalaysia, TPr Dr. Alias Rameli, as well as State Executive Council Members from Kelantan, Terengganu, and Selangor: YB Mejar (B) Dato’ Haji Md Anizam Bin Ab Rahman, YB Tuan Mohd Nurkhuzaini Ab Rahman, and YB Tuan Ng Sze Han; Deputy State Secretary (Development) of Pahang, YH Dato’ Ali Syahbana Bin Sabaruddin. This gathering of over 200 participants from GLICs, property developers, industry leaders, SMEs and business associations underscored the seminar as a vital platform for fostering networking, collaboration, and insight sharing.

In his keynote address, YB Senator Tengku Datuk Seri Utama Zafrul Abdul Aziz, Minister of MITI lauded, “The ECRL is poised to be a game-changer for Malaysia, linking us more closely to the Pan-Asia railway network and enhancing our connectivity with ASEAN and the EURASIA regions. Valued at almost RM75 billion, the ECRL – linking Kelantan, Terengganu, Pahang and Selangor – is also a cornerstone for socio-economic growth and is expected to increase Malaysia’s GDP by 3.78% by 2047.”

He highlighted that, as of February 2024, the project has reached an impressive completion rate of 62.4%, with the alignment in each state progressing steadily towards the finish line. This current completion rate underscores the ECRL-EAP’s crucial role in driving economic parity across Malaysia, in line with the New Industrial Master Plan 2030 agenda, especially Mission 4, which focuses on safeguarding economic complexity and security, to further promote inclusivity and shared prosperity.

Chairman of MIDA, Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, expressed, “As we aim for a united, prosperous, and dignified Malaysia, it’s essential to focus on restructuring our economy towards innovation and high-value, knowledge-based activities. The ECRL project is a cornerstone of this vision, promising to generate business and employment opportunities, particularly in industrial parks, logistics hubs, and transit-oriented developments.”

The Chief Executive Officer (CEO) of MRL, Datuk Seri Darwis Abdul Razak said, “We anticipate the ECRL to accelerate the shift of cargo movements from road to rail to help ease congestion and environment-related concerns such as lower carbon footprints when it operates in less than three years’ time. Furthermore, the ECRL will be an electrified rail network that will be operated with renewable energy, thus, providing green logistics for Peninsular Malaysia and in particular the East Coast states.”

He further added, “The ECRL–EAP aims to maximise the potential of the 20 ECRL stations that will be featured along the ECRL corridor, consisting of 10-passenger only stations and another 10 stations combining for passenger & freight. This corresponds with the business model projection of the ECRL, wherein it anticipates that 70 percent of its revenue will primarily come from the freight sector, with the remaining 30 percent stemming from passenger services.”

A highlight of the event was the official handover of the ECRL Integrated Land Use Master Plan (PeGTaECRL) from Director General PLANMalaysia to the CEO of MIDA. This momentous occasion signifies a new chapter in Malaysia’s strategic development, with the PeGTaECRL, serving as a blueprint for development along the ECRL routes. Focused on the 20 strategically identified stations, the plan aims to attract investments and foster harmony between the country’s East and West Coast regions. The collaboration between PLANMalaysia and MIDA underscores a commitment to integrated planning, economic growth, and regional connectivity. By aligning land use planning with transportation infrastructure, the PeGTaECRL aims to optimise development opportunities, enhance connectivity, and promote balanced progress across the country’s east and west coasts.

MIDA, alongside its strategic partners, is committed to promoting the ECRL-EAP to its fullest potential. Local and international investors are invited to participate in these economic transformative projects, while stakeholders are encouraged to engage in capacity-building activities to drive the project’s success.

-END-

About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About MRL
MRL, a wholly-owned subsidiary of the Minister of Finance (Incorporated) [MOF (Inc.)], is the project owner of the ECRL. It is an electrified railway project by the Government of Malaysia linking the East Coast states (Kelantan, Terengganu, Pahang) to the Klang Valley region.  ECRL connects state capitals, major urban centres, industrials hubs, ports, airports, and tourism zones and it interchanges with existing railway line in Peninsular Malaysia. ECRL is poised to help boost Malaysia’s economy and is also part of the East Coast Economic Region (ECER) Masterplan to achieve equitable growth and development between the east coast and west coast of Peninsular Malaysia. The ECRL is scheduled for operation in January 2027 and expected to link Kota Bharu to ITT Gombak in 4 hours as compared to 7 hours by road transport or some 12 hours or more during festive seasons.

For more information, please contact:

MIDA
Sukri Abu Bakar

Director, Domestic Investment Division
Tel.: +603-2267 3685
Email: [email protected]

MRL
Yong Min Wei

Tel.: +6012 3866 123
Email: [email protected]

The First-Of-Its-Kind Seminar on East Coast Rail Link – Economic Accelerator Project (ECRL – EAP) Business and Investment Opportunities


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Kuala Lumpur, 8 March 2024 – The Ministry of Investment, Trade and Industry (MITI) and the Malaysian Investment Development Authority (MIDA) are taking proactive and positive steps in response to Goodyear’s decision to close its manufacturing facility in Shah Alam. It’s essential to highlight the ongoing strategic dialogue between MITI, MIDA, and Goodyear that precedes this announcement. This dialogue, a testament to our collective preparedness, has ensured that the closure aligns with broader strategic objectives and exemplifies the adaptability and strength of our partnership.

Importantly, Goodyear, alongside its shareholders, has been in close coordination with the Government well before this decision was publicised, working diligently to establish a support framework for the employees. This pre-emptive collaboration demonstrates our collective commitment to the well-being of the workforce, underlining that our efforts to assist the affected employees is undertaken with foresight and responsibility.

Approximately 550 employees will be directly affected by the shutdown. Goodyear emphasises its dedication to handling this transition with the utmost respect and transparency for all its employees and associates. This development is part of Goodyear’s global move aimed to achieve USD1.0 billion in annualised cost savings by 2025. The company has been operating at a loss since 2017, prompting a strategic shift towards optimising its operations. As part of its restructuring, Goodyear has indicated plans to transition from manufacturing to a distributor business model, focusing on premium profitable segments, building capability in sales and marketing, strengthening the distribution network, and improving the cost structure.

To mitigate the impact on the affected workforce of Goodyear, the Government, through initiatives led by MITI and MIDA, has mobilised specialised team to facilitate job placements, as well as offering upskilling and reskilling programmes. In helping affected parties for job placement, previous efforts have been shown effective, turning challenges into opportunities.Leveraging its experience, MIDA has actively engaged with PERKESO and Jabatan Tenaga Kerja through the newly formed Invest Malaysia Facilitation Centre to facilitate job placement assistance for employees from various sectors. This collaborative effort underscores the potential for similarly effective support mechanisms to be extended to those affected by the Goodyear’s Shah Alam plant closure, demonstrating a committed approach to workforce transition and resilience.

This intervention is a testament to our unwavering commitment to supporting our local workforce through transformative industrial changes, drawing on previous successful collaborations with companies undertaking similar rationalisation as part of their business plans for closure or downsizing, ensuring workers are well-positioned for new and fresh job opportunities. This situation underlines the importance of MITI and MIDA’s commitment to supporting affected workers and fostering resilience.  This also reflects our adaptability and determination to secure the well-being of the workforce and the economic vitality of the nation.

Building on this resilient foundation, Malaysia achieved a historic investment performance in 2023. With a remarkable RM329.5 billion of approved investments across various economic sectors, this is a testament to the strength of the country’s policies designed to foster growth and investment opportunities. Notably, within the manufacturing sector alone, which accounted for RM152 billion of the total approved investments, a significant portion—62.9%, or RM95.5 billion—originated from existing businesses expanding and diversifying their operations. This indicates a strong vote of confidence from established companies in Malaysia’s economic stability and growth prospects.

MIDA’s analysis of annual project implementation reveals a consistent and noteworthy trend: over 85% of approved manufacturing projects in 2021 and 2022 have been implemented. For approved projects in 2023, already 50.1% of these have reached the implementation stage. It is to be noted that this is highly encouraging, considering that manufacturing projects will generally take 18 to 24 months to complete, depending on the level of complexity of each project.

Such achievements reflect Malaysia’s substantial potential for delivering attractive returns amidst its journey towards becoming a developed and inclusive economy. Moreover, the nation’s notable improvement from 32nd to 27th in the 2023 IMD World Competitiveness Ranking serves as a clear testament to the confidence placed in Malaysia by the global investment community.

The Government, through MITI and MIDA, remains steadfast in our dedication to advancing our goals under the MADANI Economy Framework, driving quality job creation and economic benefits to our rakyat. Our emphasis on innovation and sustainability positions Malaysia as a global model of progress and environmental stewardship, ensuring a prosperous and responsible future for all.

***THE END***

About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For media enquiries please contact:

Ms. Fatmah Ahmad
Director of Corporate Communications Division
Malaysian Investment Development Authority (MIDA)
Email: [email protected] | DL: +603-2267 2428 

MITI and MIDA’s Proactive Response and Support Amid Goodyear’s Shah Alam Plant Shutdown


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The new facility will serve as a hub for research and development (R&D), manufacturing and distribution of furniture fittings, catering to global customers’ demands

Penang, 5 March 2024 – Actiforce, a global leader in the furniture components industry originating from the Netherlands, has officially achieved a new milestone in Malaysia with the opening of its new state-of-the-art plant in Penang. The high-technology facility stands as a testament to Actiforce’s commitment to innovation, sustainability, and continued growth. The RM50 million manufacturing facility will be instrumental in the comprehensive production of integrated furnishing tools for ergonomic furniture designs and solutions, with a focus on using the finest raw materials, ensuring product quality control and meeting distribution targets.

Actiforce has been elevating work spaces since 2004, catering to international markets while constantly improving processes for sustainable manufacturing to meet customers’ demands in lifestyle improvement. As part of Germany’s Hettich Group, one of the world’s largest and most successful manufacturers of furniture fittings, Actiforce will be able to benefit from the Group’s extensive worldwide network. ‘Hardware manufacturer’, Hettich Group develops and produces innovative functional fittings and convertible platforms – from drawer and runner systems to hinges and foldings, and sliding door systems, combining intelligent technology, multifunctionality, comfort and design for homes, offices, industry, hospitality, education and healthcare needs.

Actiforce’s new plant will serve as the hub for R&D, manufacturing and distribution of furniture fittings to cater to international markets, namely Europe and The United States of America. It will be instrumental in Actiforce’s global expansion. The move to consolidate manufacturing capabilities in one area, creating a comprehensive one-stop centre, exemplifies Actiforce’s commitment to lean manufacturing and delivering better value to customers. The company aims to enhance the local economy, generate employment opportunities for the local community, and solidify its position as a key contributor to regional prosperity.

Actiforce is committed to smart manufacturing practices with its state-of-the-art facility equipped with the latest technology and cutting-edge machinery. Investments in special robotic welding and Trumpf machines are designed to revolutionise manufacturing processes, ensuring precision, speed, and adaptability. This will enable Actiforce to enhance productivity, reduce wastage, prioritise sustainability and workplace safety in an effort to manufacture exceptional and efficient products that are industry-relevant, and that distinguish itself in the market.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang stated, “Often lauded for its well- developed industrial ecosystem, Penang is proud to host Actiforce as the State continues to showcase its capacities and capabilities to support the needs of industrial players in next- generation technologies and growth strategies. I am optimistic that Actiforce will continue to reap many benefits from its operation in Penang, the Silicon Valley of the East.”

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) underscores Actiforce Mechatronic Technology (M) Sdn.

Bhd.’s commitment to Malaysia’s industry supply chain stating, “The Government affirms Actiforce’s confidence in Malaysia’s furniture parts and fittings sector, recognising its potential to meet global demand. The presence of premium components and skilled expertise not only enhances the nation’s competitiveness in furniture manufacturing but also stimulates growth across the value chain of various industries and consumer products.”

“The nation proudly boasting 2,600 established projects in fabricated metal-based products with investments over RM40 billion and supported by 170,000 skilled workforce to welcome more global manufacturers, like Actiforce leverage on Malaysia’s robust industrial ecosystem. With the increasing technological development and advancement of high-quality components by companies like Actiforce, Malaysia’s position as a global supply chain and distribution hub is further solidified,” he added.

The opening of the new plant will pave the way towards creating employment opportunities for local talents across various categories. Currently, Actiforce has over 50 high-quality talents. As the business expands, the workforce is expected to triple with job opportunities for a broader range of specialists and generalists. In addition to creating jobs, Actiforce is committed to equipping talents with the right skills as they immerse themselves in new technologies, and comprehensive training programmes in specialised fabricated tools. Experts and specialists from Hettich headquarters are also ready to guide and upskill the local talents. Actiforce has allocated 2,000 hours of employee training by German experts to introduce these new technologies. This reflects Actiforce’s commitment to not just create jobs but also invest in relevant programmes to boost their skills and expertise across different roles throughout the organisation.

The new state-of-the-art facility located at Bukit Minyak Industrial area, spans approximately 13,300 sq ft. Actiforce projects that the new plant will generate a revenue of RM148 million for the year 2024, with 99% contributing to the export market.

Mr. Harry Slingerland, the Chief Financial Officer of Actiforce commented, “We are thrilled to inaugurate our new facility in Penang, a significant milestone in our journey of global expansion. This state-of-the-art facility reflects our commitment to pushing the boundaries of innovation and delivering unparalleled quality in our products and services. Penang has proven to be an ideal location for Actiforce due to its strategic positioning, skilled workforce, and the supportive business environment provided by the local community and government. We are excited about the opportunities that this facility will bring, not only for Actiforce but also for the Malaysian economy.

“We appreciate our working relationship with MIDA and the Penang State government. Their invaluable support has paved the way for our growth, and we eagerly anticipate a fruitful and lasting business partnership as Actiforce extends its footprint in Penang,” concluded Mr. Slingerland.

-END-

About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About InvestPenang
InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention) and i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook ; LinkedIn.

About Actiforce:
Actiforce Factory is our state-of-the-art manufacturing division located in Penang, Malaysia. The factory is responsible for the entire production process, from purchasing raw materials to product quality control to distribution. Since 2004, Actiforce has manufactured for all our international markets, creating a movement that provides solutions with constant focus and improvement on the processes for a more sustainable manufacturing to ensure we live up to people´s expectations and demands of a good partner for a better lifestyle. [www.actiforce.com]

Part of something bigger:
Actiforce is part of one of the world’s largest and most successful manufacturers of furniture fittings, Hettich [www.hettich.com], founded in 1888 with more than 8,000 employees in almost 80 countries. We work together towards the goal of developing intelligent technology for furniture.

The new facility in Penang marks a significant milestone in the company’s journey, solidifying its position as a key player in the global marketplace.

For more information, please contact,

MIDA
Manjit Kaur Balkar Singh
Director, Food Technology & Resource Based Industries
+603-2267 3509 | [email protected]

InvestPenang
Elaine Cheah / Arief Ferdaus Communication & Business Intelligence
[email protected] / [email protected]

Actiforce
Michael Woedd
Global Marketing Director [email protected]

Actiforce Establishes a RM50-Million, State-Of-The-Art Manufacturing Facility in Penang


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Empowering Healthcare Innovation, Revolutionising Patient Care

Pasir Gudang, Johor, 5 March 2024 – Masimo Medical Technologies Malaysia Sdn. Bhd. (Masimo Malaysia), a mission-based medical device and technology company known for solving “unsolvable” problems in patient care, proudly announces the grand opening of its first facility in Pasir Gudang, Johor. This milestone event marks the culmination of months of meticulous planning, dedication, and collaboration, positioning Masimo as a leading player in advancing medical technology and patient care in Malaysia. In recognition of Malaysia’s essential role in fostering medical innovation and investment, the grand opening ceremony was attended by distinguished guests and dignitaries, including government officials from the Malaysian Investment Development Authority (MIDA).

Masimo Malaysia, stands as the sole manufacturer in the country, producing the “Pulse Oximetry Adhesive Sensor and Pulse Oximeter.” These testing tools used to measure the pulse rate and the level of oxygen (oxygen saturation) in the blood. The “Pulse Oximetry Adhesive Sensor” is a disposable, single-patient-use sensor designed for use with the Masimo system, particularly SET (Signal Extraction Technology – The technology that allows accurate monitoring of arterial oxygen saturation and pulse rate, even during motion). Meanwhile, the “Pulse Oximeter” is designed as a portable, handheld, and battery-powered continuous pulse oximeter monitoring device.

Strategically located near key seaports and international airports, the 133,000 square feet facility boasts cutting-edge production areas and warehouse spaces designed to facilitate the development and distribution of innovative medical solutions. With a total build-up area of 133,000 square feet, including a production area spanning 81,220 square feet and a warehouse area covering 46,631 square feet, the company is poised to enhance its manufacturing capabilities and meet the growing demand for high-quality medical devices.

Datuk Wira Arham Abdul Rahman, CEO of MIDA, expressed, “The opening of Masimo Medical Technologies Malaysia’s facility is a clear testament to the country’s growing influence in the global medical technology landscape. It is not only signifying a major leap for Masimo Malaysia but also strengthens the medical devices ecosystem in the Southern Region. It underscores the confidence in Malaysia’s business-friendly environment and the robustness of our medical device supply chain, affirming the country’s status as a preferred destination for high-value manufacturing and innovation-driven investments. This fully export-oriented project will be supported by Malaysian technical workforce with more than 27% of the total manpower ranging from managerial, technical, and supervisory category.”

“The initiative aligns with the New Industrial Master Plan 2030, aiming for a more integrated medical devices industry to enhance competitiveness through better resource use, cost savings, increased innovation, and advanced product development. MIDA is excited to support Masimo Malaysia’s growth, which complements our strategy to make Malaysia a leading hub for medical technology development and manufacturing.”, added Datuk Wira Arham.

“We are thrilled to celebrate the grand opening of Masimo Medical Technologies Malaysia Sdn. Bhd. and reaffirm our commitment to advancing medical technology and patient care in Malaysia,” said Mr. Jayakumar Krishnan, Plant Manager of Masimo Medical Technologies Malaysia Sdn. Bhd. “Our cutting-edge facility represents a significant investment in the future of healthcare, and we are excited to leverage Malaysia’s strategic location and robust infrastructure to drive innovation and growth in the region.”, he added.

Since its inception in September 2022, Masimo Medical Technologies Malaysia Sdn. Bhd. has made significant strides in establishing its presence in the region. From the commencement of the hiring process and site commissioning to the completion of production area renovations and commencement of direct labour hiring, the company has demonstrated unwavering commitment and determination in realising its vision of improving patient outcomes and reducing the cost of care.

As the company embarks on this new chapter of growth and expansion, it remains steadfast in its mission to improve patient outcomes and revolutionise the healthcare industry through innovation, collaboration, and excellence.

In 2023, the medical devices industry saw the approval of 26 projects, attracting investments totalling RM2.1 billion. Among these, nine new projects accounted for RM773.9 million (36.3%) of the investments, while the remaining 17 were expansion or diversification projects, contributing RM1.4 billion (63.7%).

– End –

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, Tik Tok and YouTube.

About Masimo

Masimo (NASDAQ: MASI) is a global medical technology company that develops and produces a wide array of industry-leading monitoring technologies, including innovative measurements, sensors, patient monitors, and automation and connectivity solutions. In addition, Masimo Consumer Audio is home to eight legendary audio brands, including Bowers & Wilkins, Denon, Marantz, and Polk Audio. Our mission is to improve life, improve patient outcomes, and reduce the cost of care. Masimo SET® Measure-through Motion and Low Perfusion™ pulse oximetry, introduced in 1995, has been shown in over 100 independent and objective studies to outperform other pulse oximetry technologies.1 Masimo SET® has also been shown to help clinicians reduce severe retinopathy of prematurity in neonates,2 improve CCHD screening in newborns,3 and, when used for continuous monitoring with Masimo Patient SafetyNet™ in post-surgical wards, reduce rapid response team activations, ICU transfers, and costs.4-7 Masimo SET® is estimated to be used on more than 200 million patients in leading hospitals and other healthcare settings around the world,8 and is the primary pulse oximetry at 9 of the top 10 hospitals as ranked in the 2022-23 U.S. News and World Report Best Hospitals Honor Roll.9 In 2005, Masimo introduced rainbow® Pulse CO-Oximetry technology, allowing noninvasive and continuous monitoring of blood constituents that previously could only be measured invasively, including total hemoglobin (SpHb®), oxygen content (SpOC™), carboxyhemoglobin (SpCO®), methemoglobin (SpMet®), Pleth Variability Index (PVi®), RPVi™ (rainbow® PVi), and Oxygen Reserve Index (ORi™). In 2013, Masimo introduced the Root® Patient Monitoring and Connectivity Platform, built from the ground up to be as flexible and expandable as possible to facilitate the addition of other Masimo and third-party monitoring technologies; key Masimo additions include Next Generation SedLine® Brain Function Monitoring, O3® Regional Oximetry, and ISA™ Capnography with NomoLine® sampling lines. Masimo’s family of continuous and spot-check monitoring Pulse CO-Oximeters® includes devices designed for use in a variety of clinical and non-clinical scenarios, including tetherless, wearable technology, such as Radius-7®, Radius PPG®, and Radius VSM™, portable devices like Rad-67®, fingertip pulse oximeters like MightySat® Rx, and devices available for use both in the hospital and at home, such as Rad-97® and the Masimo W1® medical watch. Masimo hospital and home automation and connectivity solutions are centered around the Masimo Hospital Automation™ platform, and include Iris® Gateway, iSirona™, Patient SafetyNet, Replica®, Halo ION®, UniView®, UniView :60™, and Masimo SafetyNet®. Its growing portfolio of health and wellness solutions includes Radius T°® and Masimo W1 Sport.

Additional information about Masimo and its products may be found at www.masimo.com. Published clinical studies on Masimo products can be found at professional.masimo.com/evidence/featured-studies/feature/.

MIDA

Ms. Azlina Hamdan
Director, Life Sciences & Medical Technology Division
Tel: +603-2267 3791 Email:  [email protected]

Masimo

Ms. Daphne Tan
PR Director, XIN° Communications
Email: [email protected]

Masimo Malaysia Unveils Its First Medical Device Production Facility in Johor


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Dear InvestMalaysia Users,

Please note that we will be experiencing server downtime from 8 March 2024 (Friday), 8.00PM to 11 March 2024 (Monday), 8.00AM.

During this time the InvestMalaysia System will be unavailable.

We apologise for any inconvenience caused.

Thank you.

Notice of InvestMalaysia Server Maintenance


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